Tue 21 Dec 2010 07:05

Andatee CEO buys more shares


An Fengbin purchases more Andatee shares as part of buyback plan.

An Fengbin, Chairman, CEO and President of Andatee China Marine Fuel Services, purchased 10,175 shares in the company on December 16th, at an average price of $5.41 a share.

Mr An has now purchased a total of 80,474 shares in the company since November 23rd. A list of his recently reported Andatee trades have been included below.

- An Fengbin bought 10,175 shares of Andatee stock on December 16th at the average price of US$5.41.

- An Fengbin bought 12,387 shares of Andatee stock on December 14th at the average price of US$5.54.

- An Fengbin bought 10,500 shares of Andatee stock on December 9th at the average price of US$5.61.

- An Fengbin bought 9,988 shares of Andatee stock on December 7th at the average price of US$5.68.

- An Fengbin bought 13,050 shares of Andatee stock on December 3rd at the average price of US$5.64.

- An Fengbin bought 9,050 shares of Andatee stock on December 1st at the average price of US$5.32.

- An Fengbin bought 8,400 shares of Andatee stock on November 29th at the average price of US$5.22.

- An Fengbin bought 3,462 shares of Andatee stock on November 23rd at the average price of US$5.21.

- An Fengbin bought 3,462 shares of Andatee stock on November 23rd at the average price of US$5.25.

Last month the company announced that its board of directors had approved and adopted a share repurchase plan. The plan, which authorizes a buyback of the company's common stock up to a value of $0.5 million, is valid up until October 2011.

Mr An, a 10 percent owner, is the founder of Andatee's bunker supply business Dalian Xing Yuan Marine Fuel Co. Ltd.
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