Press release content from Globe Newswire. The AP news staff was not involved in its creation. CHNC: Intensity, Determination and a Magical Unwavering Direction Transports CHNC to Become the ... China Infrastructure Construction Corp.March 17, 2021 GMT HOUSTON, Texas, March 17, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- China Infrastructure Construction Corp. (OTC: CHNC) https://www.chnc-hdh.com/: With all hands on deck, and an axiomatically relentless effort to endure and continue to withstand the test of time, CHNC intends to continue to improve its overall performance. And, in addition to its short and long-term promising projects, as well as the need and desire to provide our shareholders and partners a great return on their investment; suitably, the board of directors at CHNC by virtue of a cash transaction sealed a buyback of 4 billion shares, with no dilution effect to shareholders. All the same, shareholders can rest assured with shrewd knowledge that the ownership of the company that each one has in their possession has not been reduced or diluted. The four billion shares acquired have now become part of the treasury of the company, says Elizabeth Hernandez, COO of CHNC. This move resembles the re-acquisition by a company of its own shares known as a “Buyback”. Some of you may remember that such transactions used to be deemed as market manipulation, and that’s why it was illegal until 1982. After that, buybacks became a frequent practice, and are better used because of different reasons such as ownership consolidation, undervaluation, financial statements, even for compensation purposes (for instance an Employee Stock Option Plan). Among the companies that have performed a buyback we find Apple, Microsoft, Oracle, Berkshire Hathaway, and others. Without a doubt, buybacks have slowly overtaken dividends as a preferred way to increase shareholder value.