CDC Corp. (CHINA) Gives An Update on Recent Insider Trades and Stock Buybacks
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CDC Corp. (Nasdaq: CHINA) today gave an update on the Company's stock buyback program and recent insider trades.
During Q407, CDC and its subsidiaries bought back 366,000 shares of the Company's common stock at an average price of $6.31 per share, totaling about $2.31 million. On a year-to-date basis, CDC has repurchased a total of 2,909,200 shares of common stock at an average price of $8.02, totaling about $23.33 million. The current buyback program was started on May 2, 2006 and CDC has bought back about 8.99 million shares at an average price of $5.69 per share, totaling $51.22 million.
In the same press release, CDC also announced that its directors and executives have purchased about 467,825 shares since the insider trading window was opened on December 17, 2007.
The CDC family of companies includes CDC Software focused on enterprise software applications and services, CDC Games focused on online games, and China.com focused on portals for the greater China markets.
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