CDC Corporation (CHINA) and Executives Plan Additional Share Buyback

April 29, 2008 7:41 AM EDT
CDC Corporation (NASDAQ: CHINA), focused on enterprise software and online games, announced that the company and its subsidiaries purchased a total of approximately 3.0 million shares during 2007 at an average price of approximately $6.31 per share. After accounting for these and other previous purchases, the company has approximately $8.5 million remaining in its $60.0 million share repurchase plan. Also during 2007, directors and officers purchased a net amount of approximately 1.8 million shares.

During Q4 2007 and Q1 2008, directors and officers purchased a net amount of approximately 742,137 shares, and the company and its subsidiaries purchased approximately 426,000 shares at an average price of approximately $5.98. [JT]

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