China Jan. 26, 2011 Lihua International, Inc. $15 million
The Company plans to purchase shares from time to time, on the open market, or through private transactions. The timing of purchases, number of shares purchased and prices at which shares are purchased will be determined by Lihua’s management, and will be subject to market conditions as well as other factors. The share buy back program will be implemented and executed in compliance with all relevant laws, rules and requirements relating to the repurchase by the Company of its own shares. This program will be funded from the Company’s available cash and operating cash flow.
China Jianhua Zhu
"The approval of this share repurchase plan reflects the confidence of our Board of Directors and management team in our ability to continue carrying out our growth strategy and our strong commitment to enhancing shareholder value."
About Lihua International, Inc.
Lihua Copper China China China China Jiangsu Province http://www.lihuaintl.com
Safe Harbor Statement
This press release contains certain statements that may be deemed to be "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical facts, that address activities, events or developments that the Company expects, projects, believes or anticipates will or may occur in the future, including, without limitation, statements about its business or growth strategy, general industry conditions including availability of copper or recycled scrap copper, future operating results of the Company, capital expenditures, expansion and growth opportunities, bank borrowings, financing activities and other such matters, are forward-looking statements. Although the Company believes that its expectations stated in this press release are based on reasonable assumptions, actual results may differ from those projected in the forward-looking statements.
Please note that information in this press release reflects management views as of the date of issuance.
Lihua International, Inc.
EVP of Corporate Finance and Director of Investor Relations
The Piacente Group, Inc.
Brandi Floberg Lee Roth
SOURCE Lihua International, Inc.