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News Breaks
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June 9, 2011
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| 08:15 EDT |  | AMCN |
| theflyonthewall.com: | AirMedia Chairman/CEO makes open market purchases of $1,063,293 | | AirMedia Group announced that its chairman and CEO, Herman Guo, has made purchases of $1,063,293 of the company's American Depositary Shares, or ADSs, from the public market during the period from May 26 to June 8. The purchases were made under the account of Mr. Guo's wife. Guo, who is the founder and largest shareholder of AirMedia, purchased a total of 299,524 ADSs at an average price of $3.55 per ADS, with an approximate value of $1,063,293. Each ADS represents two ordinary shares and is traded on the Nasdaq Global Exchange. Guo has also advised the company that he expects to purchase additional shares from time to time during the next several months. Such purchases would be made by Guo or his wife, or by investment vehicles that are wholly owned and controlled by Guo or his wife, in accordance with AirMedia's internal share trading policy regarding officers and directors. :theflyonthewall.com |
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