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RHCO
Readen Holding Corp.
0.04
-0.005
-11.11%
0.0308 / 0.04 (1 x 1)
Readen Holding Corp. (OTC: RHCO), a diversified holding company, today announced that it’s Board of Directors has approved the Company’s share buyback program. The goal of the share buyback program is to significantly reduce the total outstanding shares of common stock of RHCO. Under the buyback program, the Company is authorized to repurchase shares through open market purchases, privately-negotiated transactions, block purchases, fixed price tender offers, or otherwise, in accordance with applicable federal securities laws. The Company intends to pay for share repurchases using a variety of methods, including cash, preferred shares, shares in subsidiaries, debt and with other resources at its disposal. RHCO’s management categorically states that no convertible or toxic debt will ever be used to fund its share buyback program.
Richard Klitsie, CEO of RHCO stated, “I am extremely pleased to announce the commencement of our long-awaited and eagerly anticipated share buyback program. The Company is fully committed to share reduction and the enhancement of shareholder value.”
RHCO is a diversified holding company, with an operating history of over 30 years, which seeks opportunities to acquire and grow businesses that can generate long-term sustainable free cash flow and attractive returns, in order to maximize value for all shareholders. RHCO has subsidiaries and liaison offices in Europe and Asia.
For further information please contact RHCO at info@readenholdingcorp.com or +852 3950 5911
The RHCO corporate email address is info@readenholdingcorp.com
The RHCO corporate website can be accessed at www.readenholdingcorp.com
The RHCO Twitter account can be accessed at https://twitter.com/readenrhco
The OkePay website can be accessed at www.okepay.biz
The READIES website can be accessed at www.readies.biz
This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, which are intended to be covered by the safe harbors created thereby. Investors are cautioned that, all forward-looking statements involve risks and uncertainties, including without limitation, the ability of Readen Holding Corp. to accomplish its stated plan of business. Readen Holding Corp. believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any of the assumptions could be inaccurate, and therefore, there can be no assurance that the forward-looking statements included in this press release will prove to be accurate. In light of the significant uncertainties inherent in the forward- looking statements included herein, the inclusion of such information should not be regarded as a representation by Readen Holding Corp. or any other person.
Contact
Readen Holding Corp.
+852 3950 5911
