Courtesy of Benzinga
E-Commerce China Dangdang (NYSE: DANG) today announced that Ms. Peggy Yu Yu, Dangdang’s co-founder and executive chairwoman and Mr. Guoqing Li, Dangdang’s co-founder, director and chief executive officer, intend to use their personal funds to purchase up to an aggregate total of $2 million worth of the Company’s American depositary shares (“ADSs”) in open market transactions within the next six months.
“We have strong confidence in Dangdang’s business and financials,” said Ms. Peggy Yu Yu. “The Company is on track to execute its business plan and will continue to strengthen its leading position in media sector and to accelerate growth rate of its general merchandize business.”
