Deson Development repurchases shares in January , releases yesterday

The HKex has just released that Deson Development International(0262) bought back 10 mln shares on January 17 at prices ranging from HK$0.024 per share to HK$0.025 per share. The Exchange said it was obviously out of regulations because according to the rules, the listed company should report the details about its repurchasing to the exchange on the next dealing day after its repurchasing.The company simultaneously announced it had repurchased shares on Thursday and Friday of last week. Last Thursday , Deson Development bought back 4.5 mln shares at prices ranging from HK$0.029 per share to HK$0.03. Last Friday, the company bought back 7.86 mln shares at prices ranging from HK$0.028 to HK$0.03.                              

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