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51job plans $25 million share repurchase

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By AP
30 September 2008 @ 04:22 pm EST

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Chinese human resources services company 51job Inc. said on Tuesday that its board and shareholders approved a $25 million share repurchase program.

Quotes

JOBS

6.35

0.14

The company said it would pay for the repurchase of its American Depositary Shares with working capital. It said it has about $151.7 million in cash.

As of June 30, 51job had roughly 28.3 million ADSs outstanding.

Its shares closed the regular session up 13 cents at $9.20, and added 39 cents, or 4.2 percent, to $9.59 in aftermarket activity.

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