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Share buyback
By Cherry Cao |
June 29, 2012, Friday
|
Print Edition
Print Edition
SOHO China Ltd plans to buy back up to 10 percent of the company's ordinary shares from the market with no more than US$200 million because its shares have been trading "at a level which significantly undervalues the company's assets and strength of its balance sheet."
The Hong Kong-listed developer yesterday said the proposed share repurchase will provide opportunities to cement its capital base and its strong financial position will enable it to repurchase while maintaining the company's growth.
The Hong Kong-listed developer yesterday said the proposed share repurchase will provide opportunities to cement its capital base and its strong financial position will enable it to repurchase while maintaining the company's growth.
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