Asia Broadband (OTC: AABB) today announced that its management and board of directors recently completed the retirement and return of 120 million restricted common shares to the company treasury. According to the update, the reduction in the total outstanding company shares was 13 million more than the 107 million share reduction previously approved and announced in May. Asia Broadband’s initiative to create shareholder value led to the agreements with several third-party shareholders to retire the 120 million shares. In addition, AABB expects to retire more shares to its treasury in the near future with the ongoing plans to continue the shareholder value initiative.
To view the full press release, visit https://ibn.fm/P6hJk
About Asia Broadband Inc.
Asia Broadband is a resource company focused on the production, supply and sale of precious and base metals, primarily to Asian markets. The company utilizes its specific geographic expertise, experience and extensive industry contacts to facilitate its innovative distribution process from the production and supply of precious and base metals in Mexico to client sales networks in Asia. This vertical integration approach to sales transactions is the unique strength of AABB that differentiates the company and creates distinctive value for shareholders. The company has recently released its freshly minted mine-to-token, gold-backed cryptocurrency AABB Gold token (“AABBG”) and is developing its own proprietary digital exchange. AABB expects its token to become a world-wide standard of exchange that is stable, secured and trusted with gold backing, while having the added benefit of demand-based price appreciation. These are unique and outstanding qualities relative to other cryptocurrencies. For more information, visit www.AsiaBroadbandInc.com and www.AABBGoldToken.com.
NOTE TO INVESTORS: The latest news and updates relating to AABB are available in the company’s newsroom at https://ibn.fm/AABB
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