Spinee wrote a post · May 22, 2023 22:08

KUAISHOU to Repurchase Up to $4B of Shares

$KUAISHOU-W(01024.HK)$ announced that the board of directors has resolved today (22 May) to repurchase shares of the Company in the open market from time to time up to $4 billion from now until the conclusion of the annual general meeting to be held in 2024.

The Company believed that a share repurchase under the current circumstances will demonstrate the Company's confidence in its business outlook and prospects, and will ultimately benefit the Company and create value for its shareholders. The Company's existing financial resources are sufficient to implement the share repurchase while maintaining a solid financial position.

$KraneShares CSI China Internet ETF(KWEB.US)$ $Hang Seng H-Share Index ETF(02828.HK)$ $Hang Seng Index(800000.HK)$ $Short Videos Media(BK1306.HK)$ $Hang Seng TECH Index(800700.HK)$

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