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ap

China's Chemspec International to buy back ADRs

China's Chemspec International to buy back as much as $15 million in ADRs

  • On 12:31 pm EDT, Tuesday September 29, 2009

NEW YORK (AP) -- Chemspec International Ltd., which makes engineered specialty chemicals, said Tuesday its board authorized spending up to $15 million to repurchase its American depositary receipts.

The buyback will be between October 2009 and October of next year.

In afternoon trading, the American depositary receipts fell 1 cent to $7.17.

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