Courtesy of Benzinga.
The Executive Committee of the Board of Directors of eLong, Inc., acting on behalf of the Company’s Board of Directors, has approved a new share repurchase program.
Under the repurchase program, the Company may purchase ordinary shares of the Company, including American depositary shares (“ADSs”), with a total value at the time of purchase of up to US$30 million. The Company currently expects to fund the repurchases out of its cash on hand.
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