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NEW YORK - Shanghai-based online gaming company Giant Interactive Group Inc. said Monday its board approved a plan to buy back $150 million of its American Depositary Shares.
| GA | 6.33 |  -0.06 |
As of Dec. 31, 2007, Giant had about 258.7 million U.S.-traded shares outstanding, according to a recent regulatory filing.
The company's American Depositary Shares rose 38 cents, or 4 percent, to $10.01 in after-hours electronic trading. The stock closed up 23 cents, or 2.4 percent, at $9.63.
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