Tranche Update on Deer Consumer Products, Inc.'s Equity Buyback Plan announced on May 17, 2010.
March 29, 2012 at 07:16 am EDT
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From October 1, 2011 to December 31, 2011, the company has repurchased 0 shares, representing 0% for $0 million. With this, the company has completed the repurchase of 798,300 shares, for $6.95 million under the buyback announced on May 17, 2010.
Deer Consumer Products, Inc. is a China-based designer, manufacturer and seller of small home and kitchen electric appliances. The Company develops, promotes, manufactures and sells a range of products, including blenders, juicers and soy milk makers. The Company's product lines include small household appliances and personal care products, such as blender, chopper, juicer, food processor, meat grinder, commercial blender, Ice shaver, chocolate fountain, ice maker, coffee maker, waste disposal, soy milk maker, egg boiler, dehumidifier, electric kettle, rice cooker, stove top and microwave oven. In China, the Companyâs products are sold primarily under the Deer brand name, as well as under one store brand for a retailerâs private-label programs. The Companyâs products for overseas consumer products companies are sold under various brand names, including Black & Decker and Betty Crocker Kitchens, as well as store brands for a retailerâs private-label programs.