The shareholders of Cross-Harbour Holdings Ltd. (SEHK:32) authorized a share repurchase program at its Annual General Meeting on May 21, 2013. Under the program, the company will repurchase up to 37,268,820 shares, representing 10% of its issued share capital. Any repurchase will be made out of funds which are legally available for the purpose in accordance with the memorandum of association and bye-laws of the company and the Companies Act. The amount of premium payable ... on repurchase will be paid out of either the funds otherwise available for distribution by way of dividend or distribution or out of the share premium account of the company. The share repurchase program shall be valid until the earliest of the conclusion of the next Annual General Meeting, or the expiration of the period within which the next Annual General Meeting of the company is required by the bye-laws of company to be held or the passing of an ordinary resolution by the shareholders of the company in General Meeting revoking or varying the authority given to the Directors of the company by this resolution. As of May 21, 2013, the company has 372,688,206 shares in issue.
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