XIN announced a $10 Million share repurchase. Investors get to vote December 4th
The first proxy enables the buyback
the second proxy ammends their statements to include the buyback
and the third proxy does their auditing stuff.
If this passes, this buyback is currently equivalent to 18x the daily share volume and about 1/10 of all shares outstanding.
Their cash position is strong and this buyback makes sense. I expect doubling. That said, Russian and Chinese and Brazil securities are all over the place. Get ready.