Buybacks: L & L Energy CEO, Management Repurchase Shares
September 14, 2010 (FinancialWire) (Go to http://www.financialwire.net/?s=ftrdnwswnd for all of today’s featured news.) — L & L Energy Inc., (NASDAQ: LLEN), a Seattle-based company operating coal businesses in China, said that its executive management and directors acquired around 383,750 shares of L & L common stock between July 1, 2010 and September 8, 2010.
According to L & L, the majority of the stock acquisitions were made by the company's chairman and chief executive officer, Dickson Lee, who exercised warrants to purchase 254,000 shares of L & L common stock during the period.
Lee increased his total holdings of L & L common stock to nearly 7.4 million shares, or 25.2% of the Company's total shares outstanding.
Washington-based L & L Energy is engaged in coal mining, washing, coking and distribution in Yunnan and Guizhou Provinces, China. The company has offices in Kunming, Shenzhen, Guangzhou, Hong Kong and Taipei.
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