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HONG KONG, Feb 20, 2013 - (ACN Newswire) - Hengdeli (3389-HK) announced that the Company repurchased a total of 0.656 million shares on the Hong Kong Stock Exchange, with the price per share between HK$2.53 and HK$2.58, involved capital amounted to approximately HK$1.68 million.
Since February, the Company has repeatedly repurchased its shares, representing a vote of confidence in the prospect of the Company and the commitment in maintaining shareholders' interest. The Company's share price has been technically adjusted since the end of January and the current price is already implied an oversold. What's more is the Company's announcement of the issuance of a USD350 million senior notes was recorded 15 times of oversubscription, signifying the Company's strong financing capability to support its expansion. While the uncertainties are removed, the Company's share price is turning good gradually.
Topic: Press release summary
Source: Hengdeli Holdings Ltd
Sectors: Daily Finance, Daily News
http://www.acnnewswire.com
From the Asia Corporate News Network
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