公司向去香港圈钱，先要提高美国股价。好好持有，别被震出局了
Xinyuan Real Estate Co., Ltd. Declares Dividend and Announces Share Buyback
Program
BEIJING, May 26, 2011 /PRNewswire-Asia/ -- Xinyuan Real Estate Co., Ltd. (
NYSE: XIN), a residential real estate developer with a focus on high growth,
strategic Tier II & III cities in China, announced today that its Board of
Directors has declared a cash dividend of US$0.05 per common share, or US$0.
10 per American Depositary Share (ADS), payable on June 20, 2011 to
shareholders of record on June 10, 2011.
Xinyuan also announced that its Board of Directors has approved a share
repurchase program under which the Company may spend up to US$10 million to
repurchase common shares, either in the form of common shares or American
Depositary Shares in the open market or in privately negotiated transactions
over the next 12 months at the discretion of management.
The shares will be purchased from time to time at such prices, and in such
manner as are authorized by management depending upon market conditions.
Under the program, the purchases will be funded from available working
capital. There is no guarantee as to the exact number of shares that Xinyuan
may repurchase and Xinyuan may discontinue purchases at any time that
management determines additional purchases are not warranted. As of May 25,
2011, Xinyuan had approximately 153 million common shares, or 76.5 million
ADSs, outstanding.
Mr. Yong Zhang, Xinyuan's Chairman and Chief Executive Officer commented, "
These actions reflect our confidence in the future financial performance of
our business and the prospects of China's real estate industry. For the
past several years, our key priorities for using our cash were to invest in
our development projects. We have made significant progress on these efforts
, and they will continue to be a focus. However, given the weakness in our
share price, we believe accelerating the repurchase of shares and the
implementation of a dividend is a highly appropriate use of cash at this
time. We are pleased to maximize value for our shareholders through these
initiatives. We believe the company remains well positioned for future
development, and will have a strong growth and solid profits this year."
