China Medical to buy back $30 million in stock
China Medical Technologies says it will repurchase $30 million in American Depositary Shares
- On 8:05 am EDT, Friday September 18, 2009
NEW YORK (AP) -- China Medical Technologies Inc. said Friday its board approved a plan to buy back $30 million of its American Depositary Shares.
The medical device company said it will purchase the shares over a one-year period starting Oct. 1.
U.S. shares of China Medical closed at $15.06 on Thursday.
In premarket trading, China Medical shares rose 38 cents, or 2.5 percent, to $15.44.
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