QuantaSing Group Limited Announced Up To US$20M Share Repurchase Program
Portfolio Pulse from Benzinga Newsdesk
QuantaSing Group Limited (NASDAQ:QSG) has announced a share repurchase program of up to US$20 million of its Class A ordinary shares in the form of American depositary shares (ADSs). The program will commence on June 11, 2024, and will last for twelve months.
June 11, 2024 | 9:13 am
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QuantaSing Group Limited has announced a share repurchase program of up to US$20 million of its Class A ordinary shares in the form of ADSs, starting June 11, 2024.
Share repurchase programs are generally viewed positively by investors as they can indicate that the company believes its shares are undervalued. This can lead to a short-term increase in the stock price.
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