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Stock Market & Financial Investment News

News Breaks
December 21, 2012
11:09 EDTCOGOCogo Group provides update on stock repurchase program
Cogo Group announced that since the close of the sale of certain Cogo subsidiaries to chairman and CEO Jeffrey Kang on November 15, it has repurchased 3.22M shares of Cogo ordinary shares in the open market. There are approximately 6.5M shares left on the current 10M share Cogo corporate stock buyback program. Another 10b5-1 plan has been set up to allow the company to repurchase shares during the blackout period from December 24, to one day after the company announces its Q4 preliminary results.
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