NewEnergyNews More: CHINA WIND CO BOON FROM SHARE BUY-BACK

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    • Wednesday, August 17, 2011

    CHINA WIND CO BOON FROM SHARE BUY-BACK

    China Ming Yang Wind Power To Buy Back Up $50 Mln Of ADSs
    August 15, 2011 (RTT News)

    "China Ming Yang Wind Power Ltd….[said] its Board of Directors has approved a share repurchase program, effective immediately, authorizing the company to repurchase up to US$50 million worth of its issued and outstanding American Depositary Shares…The share repurchase program will be funded by the company's available working capital…of about US$265.6 million."



    [Chuanwei Zhang, Chairman/CEO, Ming Yang:] "This program reaffirms our confidence in the long-term growth of the Company…We believe our ADSs are currently undervalued, and the share repurchase program not only represents a good investment for our company, but also demonstrates our commitment to increase shareholder value."

    posted by Herman K. Trabish @ 8:50 PM

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