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Xinyuan Real Estate Co., Ltd. Message Board

  • stan.ackman stan.ackman Aug 26, 2013 11:38 AM Flag

    Now We understood Why XIN Announced So Many Buyback Programs

    Now, everybody should understand why XIN announced another buyback program of $60 million even before half of the last program was finished. Look, XIN was trying to sell itself at a higher price.

    Before this announcement, we said XIN is shareholder friendly, in the last 5 years it only distributed capital back to shareholders while never significantly issuing new shares. Now, we understood the chairman is trying to use a little money ($10 million) to get $110 million.

 
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