Central Financial Acceptance Corporation Announces Plans to Repurchase Shares of Common Stock.COMMERCE, Calif.--(BUSINESS WIRE)--Sept. 16, 1999-- Central Financial Acceptance Corp. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:CFAC CFAC California First Amendment Coalition CFAC Canada Family Action Coalition CFAC Combined Forces Air Component CFAC Commandement de la Force Aérienne de Combat CFAC Clear Facilities CFAC Call Forwarding All Calls CFAC Central Florida Activity Club ) announced Thursday that its board of directors has authorized au·thor·ize tr.v. au·thor·ized, au·thor·iz·ing, au·thor·iz·es 1. To grant authority or power to. 2. To give permission for; sanction: the repurchase of shares of common stock from time to time through open market purchases or private transactions in an aggregate amount of up to 1,000,000 shares of common stock. The trading price Trading price The price at which a security is currently selling. of the common stock as listed on the over-the-counter bulletin board as of the close of business on Sept. 15, 1999 was $7.312 per share. At June 30, 1999, the company had assets of approximately $119 million and total shareholder's equity of approximately $73 million. As of Sept. 15, 1999, there were 7,277,000 shares of the company's common stock outstanding. |
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