Yatsen Holding Limited Upsized Share Buyback Program from $150.0M to $200.0M
Portfolio Pulse from Benzinga Newsdesk
Yatsen Holding Limited (YSG) has increased its share buyback program from $150 million to $200 million and extended the term through November 19, 2025. Since the program's inception on November 17, 2021, Yatsen has repurchased approximately 100 million ADSs for about $126.5 million.
November 21, 2023 | 10:10 am
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Yatsen Holding Limited has upsized its share buyback program to $200 million and extended it until November 19, 2025, signaling confidence in the company's value.
The upsizing and extension of Yatsen's share buyback program may be perceived positively by investors as a sign of self-assurance from the company's management regarding its stock value. This could potentially lead to a short-term increase in the stock price as it reflects a commitment to return value to shareholders and a belief that the stock is undervalued.
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