Key Developments: US China Mining Group Inc (SGZH.OB)
0.27USD
13 Jun 2013
$0.01 (+3.85%)
$0.26
$0.27
$0.27
$0.27
2,200
3,261
$1.23
$0.26
Latest Key Developments (Source: Significant Developments)
US China Mining Group Inc Announces Share Repurchase Plan
US China Mining Group Inc announced that its board of directors has authorized a share repurchase plan (the Plan) under which the Company may repurchase up to a total amount of 500,000 its own shares, from time to time over the next nine months. Under the Plan authorized by its board of directors, US China Mining may repurchase up to a total amount of 500,000 shares over the next nine-month period. The Chief Executive Officer is authorized and directed by the Plan to determine the number and price to be repurchased from time to time in open market transactions, and to determine the timing and other relevant terms of such repurchases, depending on market conditions and in accordance with applicable rules and regulations. US China Mining plans to fund repurchases made under the Plan from its existing cash balance. All shares to be repurchased pursuant to the Plan shall be held as Treasury Shares. Full Article
US China Mining Group, Inc. Suspends FY 2011 Guidance
US China Mining Group, Inc. announced that the management is suspending financial guidance for fiscal 2011 due to uncertainties relating to its coal brokerage business. Full Article
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