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Xinyuan Real Estate Co., Ltd. Message Board

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  • growth.value growth.value Nov 5, 2012 11:39 AM Flag

    Did XIN issue 7.5% more shares in the last four months?

    @Star, based on your explanation, I searched couple of resources, they all confirm that treasury shares do not possess voting rights. XIN as a company cannot vote based on the treasury shares it owns. Also, common shares outstanding should not include treasury shares. When a common stock is repurchased to become a treasury stock, it is no longer outstanding.

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    • I am not a lawyer like you. I don't have a LSAT of 173. LOL!

      I do know that SSL held their buyback shares in a subsidiary....and the BOD got to vote them. Was this South African accounting? Perhaps.

      It could be that the number of shares increased faster than the buyback. Options converted. Shares issued for acquisitions. We should know in less than a week.

 
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