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Tongjitang Announces $20 Million Stock Buyback

publication date: Sep 9, 2008
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Tongjitang Chinese Medicines Company, which makes and markets traditional Chinese medicines, announced a plan to buy back up to $20 million of its shares. The move could have a significant effect on Tongjitang, because the company has a market capitalization of only $128 million at its current price of $3.80. The buyback does not require management to purchase the full $20 million, and it remains subject to shareholder approval. More details...

Stock Symbols: (NYSE: TCM)




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