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Sina (SINA) stock rose to an eight-month high Monday as the company announced that its CEO would buy 11 million newly issued ordinary shares of Sina stock, apparently showing confidence in the Shanghai-based Web portal as expectations of more government stimulus programs continue to buoy China’s economy. Sina CEO Charles Chao will pay $456 million or $41.49 per share for Sina stock, the company said, and Chao will subscribe for and purchase Scalper1 News
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