Giant Interactive (GA) Authorizes $50M ADS Buyback

Giant Interactive Group Inc. (NYSE: GA) has approved a new share repurchase plan. Under this plan, Giant is authorized to repurchase up to $50 million of its American Depositary Shares, or ADSs, over the next twelve months, from time to time, in open-market purchases on the NYSE Euronext at prevailing market prices, in trades pursuant to a Rule 10b5-1 repurchase plan, or otherwise, in accordance with applicable federal securities laws, including the anti-manipulation provisions of Rule 10b-18, promulgated under the U.S. Securities Exchange Act of 1934, as amended. T

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