Did you know?
ChinaBio® Group is an investment, consulting and media firm helping western life science companies achieve success in China. ChinaBio works with U.S., European and APAC companies seeking partnerships, acquisitions, novel technologies and funding in China.  

>> Learn more…

Site Search

>> Advanced Search

  Quick Search:

Free Newsletter

  Email address:

Tianyin Boosts Stock Price with Buyback

publication date: Oct 28, 2008
View a Printer Friendly version of this page, allowing you to print the page. Send a summary of this page to someone via email.

Tianyin Pharmaceutical announced that it would spend $3 million of its $12.1 million in cash to buy back its own shares. Management said the company is cash-flow positive, and it has enough cash, even with the buyback, to finish construction of its solid-dose manufacturing plant without raising additional capital. The announcement provided a huge boost for Tianyin’s share price. Its stock, which recently migrated to the AMEX, jumped 54 cents to $1.74, a 45% increase. More details...

Stock Symbol: (AMEX: TPI)

Sorry... this feature or article is only available to subscribers.

>> Learn more about our subscription plans...

>> Free email newsletter...

>> Login...