Tag Archives: China tech stock

Cogo Group CEO buyback shows new faith in Chinese technology

Shares of Chinese company Cogo Group, Inc. (COGO, quote) finished on a high note Friday, spurred by the announcement that founder, CEO and chairman Jeffrey Kang intends to acquire 30% of the company’s total assets, liabilities and revenue. Kang will purchase this portion of Cogo through Envision Global Group, his personal investment venture. 

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CNIT keeps playing with its own shares to avoid delisting

China Information Technology, Inc. (CNITquote) announced today that its Board of Directors has approved the termination of its stock purchase plan. At the same time, chairman and chief executive officer Jiang Huai Lin has entered into a new $2 million purchase plan and agreed to purchase 1,084,895 shares in a private transaction at a purchase price per share of $1.20.

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