Tuya, Inc. (TUYA) has released an update.
Tuya Inc., a Cayman Islands-incorporated company listed on both HKEX and NYSE, is seeking shareholder approval to acquire up to $400 million in U.S. Treasury Securities over a twelve-month period. This strategic move, which follows a previous purchase of approximately $120.9 million in securities, aims to enhance the company’s asset allocation and treasury management. The initiative is set to be discussed in detail in a forthcoming circular, which will also be published on the Stock Exchange and the company’s website.
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