Santech Holdings Board Approved A $5M Share Repurchase Program For Its American Depositary Shares
Portfolio Pulse from Benzinga Newsdesk
Santech Holdings Limited has announced a $5 million share repurchase program for its American Depositary Shares, which will take place over the next 12 months starting August 26, 2024.
August 26, 2024 | 9:01 am
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Santech Holdings Limited has approved a $5 million share repurchase program for its American Depositary Shares, indicating confidence in its stock value and potentially boosting its share price.
The announcement of a share repurchase program often signals that a company believes its stock is undervalued, which can lead to a positive short-term impact on the stock price as it reduces the number of shares available in the market, potentially increasing earnings per share.
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