Ha Giang Mineral Mechanics Joint Stock Company (HASTC:HGM) announces a share repurchase program. Under the program, the company will repurchase up to 900,000 shares, representing 7.14% of total number of outstanding shares. The maximum price at which the shares will be repurchased is VND 66,000 per share, for a total of VND 59,400 million.

Repurchases will be made through order matching or negotiation. The purpose of the repurchase program is to stabilize the share price. The company will use its share premium, production investment and development fund, and unallocated profit after tax to fund repurchases.

The daily volume for the repurchase will vary from 27,000 shares to fewer than 90,000 shares. The share repurchase program is valid until February 16, 2015.