Qiao Xing Universal's (XING) Chairman Plans to Purchase up to $10 Million Worth of Shares
Qiao Xing Universal Telephone, Inc. (Nasdaq: XING) announces that its Chairman and CEO, Mr. Wu Rui Lin plans to purchase up to an aggregate of US$10 million worth of shares of Qiao Xing Universal Telephone, Inc ("the Company" or "Qiao Xing Universal"). The purchases will be made from time to time on the open market through Nasdaq Stock Market at prevailing market prices, in negotiated transactions off the market, in block trades or pursuant to a 10b5-1 plan.
Qiao Xing Universal Telephone, Inc. is one of China's largest manufacturers and distributors of telecommunications products in China.
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