MEITUAN Plans to Repurchase Shrs for No More than US$1B from Fri
$MEITUAN-W(03690.HK)$ announced that the board of directors of the Company, on November 28, 2023, resolved to repurchase shares of the Company in the open market from time to time up to US$1 billion in value starting from December 1, 2023, pursuant to the share repurchase mandate approved by the shareholders of the Company at the annual general meeting.
The Company believes that the share repurchase will demonstrate the Company’s confidence in its own business outlook and prospects and would, ultimately, benefit the Company and create value to its Shareholders, the announcement added.
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