HYDOO Repurchases 1,342,000 Issued Shares Again

Fully Revealing Its Great Confidence in Future Business Development

HONG KONG, May 13, 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 the Company repurchased 1,342,000 shares again on 12 May 2014 with the aggregate up to HK$3,913,180, and the price was between HK$2.82 and HK$3.00 per share. As of 12 May 2014, the company had repurchased a total of 3,812,000 issued shares, with the aggregate of HK$10,712,680. And the repurchasing proportion had been approximately 0.095%.

Mr. Wong Choihing, HYDOO's Chairman and Chief Executive Officer, said, "Our continuous share repurchases during the two trading days reflected the company's great confidence in the future prospects of our business. We believe the continuous share repurchases would strongly strengthen the shareholders' confidence as well. 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 to reward our shareholders and society for their long-term support."

Source: Hydoo International Holding Limited
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Keywords: Real Estate