So-Young's Board Authorized A Share Repurchase Program Of $25M During The 12-month Period Beginning From March 22, 2024
Portfolio Pulse from Benzinga Newsdesk
So-Young International Inc. has announced that its board has authorized a share repurchase program. The company plans to buy back up to $25 million worth of its shares over a 12-month period starting from March 22, 2024.
March 20, 2024 | 9:45 am
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So-Young International Inc. is set to repurchase up to $25 million of its shares, signaling confidence in its financial health and potentially boosting shareholder value.
Share repurchase programs often indicate a company's belief in its own undervalued shares and can lead to an increase in stock price due to the reduced supply of shares and the signal of confidence it sends to the market. Given the size of the repurchase relative to the company, this could have a significant positive impact on So-Young's stock price in the short term.
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