Hengdeli Repurchases 5 Million Shares, Strengthening Shareholder
Hengdeli Repurchases 5 Million Shares, Strengthening Shareholders' Confidence with Confidence in Business Outlook
Hong Kong, Feb 1, 2013 - (ACN Newswire) - Hengdeli (3389-HK) announced that the Company repurchased a total of 5 million of its shares on the Hong Kong Stock Exchange on 31 January 2013, with the price per share between HK$2.69 and HK$2.72, involved capital amounted to approximately HK$13.51 million.
The repurchase of share is a vote of confidence in the value and prospect of the Company. There is no material change in the operation policy of the Company and the business continues to operate and develop in a normal, healthy and stable manner. A US$350 million debt offering last week was recorded 15 times of oversubscription, reflecting the confidence of international investors in the Company.
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