Pactera's board approves $30m stock redemption plan
Updated: 2013-01-10 16:50
By Wu Yong and Liu Ce (chinadaily.com.cn)
|
|||||||||||
Pactera Technology International Ltd said that its board of directors approved a stock redemption plan valued at $30 million.
The company plans to repurchase the stocks in the next 12 months. The news made the company's shares increase 9 percent in three consecutive trading days.
Based in Dalian, Liaoning province, Pactera is the largest outsourcing company in China and was formed after the merger of VanceInfo and HiSoft in November 2012.
The company's main businesses include IT consulting and outsourcing services to global clients.
Contact the writers at wuyong@chinadaily.com.cn and liuce@chinadaily.com.cn.
Related Stories
Globally, Pactera hits stride in services 2012-12-14 14:45
Today's Top News
President Xi confident in recovery from quake
H7N9 update: 104 cases, 21 deaths
Telecom workers restore links
Coal mine blast kills 18 in Jilin
Intl scholarship puts China on the map
More bird flu patients discharged
Gold loses sheen, but still a safe bet
US 'turns blind eye to human rights'
Hot Topics
Lunar probe , China growth forecasts, Emission rules get tougher, China seen through 'colored lens', International board,
Editor's Picks
|
|
|
|
|
|