eLong (LONG) Approves $30M Buyback
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The Executive Committee of the Board of Directors of eLong, Inc. (the "Company"), acting on behalf of the Company's Board of Directors, has approved a new share repurchase program.
Under the repurchase program, the Company may purchase ordinary shares of the Company, including American depositary shares ("ADSs"), with a total value at the time of purchase of up to $30 million. The Company currently expects to fund the repurchases out of its cash on hand.
Under the repurchase program, the Company may purchase ordinary shares of the Company, including American depositary shares ("ADSs"), with a total value at the time of purchase of up to $30 million. The Company currently expects to fund the repurchases out of its cash on hand.
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