omniture

HYDOO Conducts Four Stock Repurchases Last Week

  • Repurchases a Total of 5,842,000 Shares
  • Reflecting Its Great Confidence in Future Business Development

HONG KONG, May 19, 2014 /PRNewswire/ -- Hydoo International Holding Limited ("HYDOO" or the "Company"; stock code: 1396.HK), a leading developer and operator of large-scale trade centers in China, announced that following the repurchase of 2,470,000 shares on 9 May, the Company conducted four stock repurchases last week, with 1,342,000 shares on 12 May, 2,028,000 shares on 14 May, 2,050,000 on 15 May and 422,000 shares on 16 May, to reach a total of 5,842,000 shares and an aggregate amounted to HK$16,464,780. The stock price ranges between HK$2.68 and HK$3.00 per share.

Mr. Wong Choihing, HYDOO's Chairman and Executive Director, remarked, "Our frequent share repurchase recently reflected the company's great confidence in our value and future prospects. At the same time, we believe the share repurchase would further strengthen the shareholders' confidence. In light of the ongoing growth of our business and after taking our shareholders' interests into consideration, we will not rule out the possibility of making further repurchases when appropriate. In the future, we will further consolidate and improve the Group's leading position in the trading and logistic industry, and continuously enhance our returns on equity to reward our shareholders and society for their long-term support."

Source: Hydoo International Holding Limited
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