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Noah Education Authorizes $10M Buyback



By AP
27 March 2008 @ 08:38 am EST

NEW YORK - Noah Education Holdings Ltd. said Thursday it has authorized the repurchase of up to $10 million worth of American Depositary Shares over the course of a year.

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The buyback plan does not require Noah to acquire any particular number of shares and can be suspended at any time.

Noah is a China-based company that develops and sells interactive education products in China.

U.S.-listed shares rose 22 cents to $5.62 in premarket trading. They finished Wednesday's session at $5.40.

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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