21 Vianet Group(NASDAQ:VNET) (marked up in pre-market trading to near $27) — the largest carrier-neutral Internet data center services provider in China, today announced :

21Vianet’s board of directors has authorized, but not obligated, the Company to repurchase up to US$100 million of its own outstanding shares within the next 12 months. The share repurchases may be made on the open market at prevailing market prices pursuant to Rule 10b5-1 and/or Rule 10b-18 plans, in privately negotiated transactions, in block trades or legally permissible ways from time to time depending on market conditions and in accordance with applicable rules and regulations.