Pacific Alliance China Land Ltd announces an Equity Buyback for $96 million worth of shares.
June 01, 2016 at 09:30 am IST
Pacific Alliance China Land Ltd announces a share repurchase program. Under the program, the company will repurchase up to $96 million worth of shares, at a price of $2.27 per share. The Board of Directors has determined that the mandatory redemption is in the best interests of shareholders at this time. The tender offer will be open and available to all shareholders as of June 3, 2016. The offer will close on June 3, 2016.