Caixin OnlineFinance & EconomicsTop Stories Finance 22 U.S.-listed Companies Announce Buyback Plans This Year
08.29.2012 17:00

22 U.S.-listed Companies Announce Buyback Plans This Year

Firms complain they are undervalued in United States amid repeated attacks by short sellers
By staff reporter Fu Yanyan

(Beijing) – Twenty-two U.S.-listed Chinese firms have announced plans to buy back shares worth a total of US$ 875 million this year, a report by investment consultancy ChinaVenture Group says.

Many Chinese companies said they were undervalued in the U.S. market in wake of a series of short seller attacks that allege financial fraud, the report said.

The August 28 report also cites the continually weakening global economic environment as a primary factor that contributes to the low price-earnings ratios of Chinese firms.

We hope you have enjoyed your free articles for the month
REGISTER to get 5 more free articles, or SUBSCRIBE to get full access to Caixin
Already a subscriber? Log in now
COMMENTS (0)
Sign up to receive our free daily newsletter

LATEST VIDEOS

Latest Issue
On the Cover:

' Lead in Cooperation '

World's two biggest powers must remember their common interests outweigh any differences, former U.S. Secretary of State Henry Kissinger tells Caixin in an exclusive interview


Issue 88
April, 2015

POPULAR GALLERIES

SUBSCRIPTIONS

Caixin-China
Economics & Finance
Latest Issue:
' Lead in Cooperation '
World's two biggest powers must remember their common interests outweigh any differences, former U.S. Secretary of State Henry Kissinger tells Caixin in an exclusive interview
Issue 88
04.01.2015

Subscribe       |       Newsletter        |        FAQ