ChinaNet Online announces $1M share buyback

theflyonthewall.com

ChinaNet Online Holdings announced that the company's board of directors has authorized the purchase of at least $1M of the company's stock over the next twelve months. COO George Chu commented: "We believe buying back our stock at current valuations is in the best interest of our shareholders, We have sufficient capital to fund our internal growth initiatives and make acquisitions when the right opportunities arise."

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