Linktone Announces USD 8 Mln Share Repurchase Program

Linktone, 11/23/12

Chinese and Indonesian wireless value-added service provider Linktone (Nasdaq: LTON) today announced that its Board of Directors has authorized the repurchase of up to USD 8 mln worth of outstanding American Depositary Shares (ADSs) over the next 6 months in open-market purchases at prevailing market prices pursuant to a trading plan established under Rule 10b5-1 under the U.S. Securities Exchange Act of 1934. The timing and extent of any purchases will be subject to the parameters specified in the Rule 10b5-1 trading plan and depend on a number of factors including the price and availability of the company's ADSs. The company will finance the repurchase with existing cash reserves and cash generated from operations.

Keywords: wireless Linktone LTON SP WVAS financing

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