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China GrenTech (GRRF) Announces $7M Share Buyback

June 4, 2009 8:33 AM EDT
China GrenTech Corporation Limited (Nasdaq: GRRF) announced that its board of directors has approved a share repurchase program.

Under the terms of this share repurchase program, China GrenTech may repurchase up to US$7.0 million worth of its issued and outstanding American Depositary Shares from time to time in open-market transactions on the Nasdaq Global Market.

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