seeking an equity backer to launch a company b

Company buy back to enhance security holder value, yippy, this will see the shares mone north.

11 December, 2008
VALAD RESPONDS TO ASX QUERY
SYDNEY: Valad Property Group (ASX:VPG) has been asked by the ASX to respond to unsubstantiated statements outlined in an article published in today’s edition of The Australian newspaper.

Specifically, in response to the statement that “Valad Property Group’s management is believed to be seeking an equity backer to launch a company buyback;” as stated at the AGM on 30 October 2008, the Group will look at all opportunities to enhance security holder value, and will keep security holders and the market fully informed of any developments as they may occur. Valad has no specific knowledge of any potential company buyback at 20 cents per security.