Tony Sagami - Veteran investment advisor and a leading expert on Asian markets.

Stock buybacks jump in China

by Tony Sagami on September 24, 2008

in Asian Market, Stock Market in China

The mass media made a big deal out of Microsoft’s stock buyback announcement. There were two huge Chinese buybacksthe next day, but you had to look hard to find any news coverage of them.

China CoalEnergy (1898.HK), China’s second-largest coal produceris going to buyback 4.05 million shares.

Petro China(NYSE:PTR) announced a 60 million sharebuyback.

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