Asia Broadband Reduces Total Outstanding Shares With 107 Million Share Retirement
May 27, 2021 08:30 ET | Source: Asia Broadband Inc. Asia Broadband Inc.
LAS VEGAS, May 27, 2021 (GLOBE NEWSWIRE) via InvestorWire –
Asia Broadband Inc. (OTC: AABB) (“AABB” or the “Company”) is pleased to announce that AABB’s management and Board of Directors have approved the retirement and return of 107 million restricted common shares to the Company treasury. The share retirement process has been initiated with the Company’s transfer agent and is anticipated to be completed in the coming weeks. The Company initiative to create shareholder value led to the agreements with several third-party shareholders to retire the shares. AABB expects to retire additional shares to the Company treasury in the near future with the ongoing plans to continue the shareholder value initiative.
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