KANZHUN LIMITED Continues Share Repurchase Program, Buying Back RMB1.4 Billion Worth of Ordinary Shares
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KANZHUN LIMITED, a leading online recruitment platform in China, has repurchased over 6.2 million ordinary shares in November, valued at more than RMB300 million. Year-to-date, the company has bought back approximately 28.2 million shares, totaling over RMB1.4 billion (USD200 million), representing 3% of its total share capital.
November 28, 2024 | 4:15 pm
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POSITIVE IMPACT
KANZHUN LIMITED has repurchased over 6.2 million shares in November, with a total buyback of 28.2 million shares year-to-date, representing 3% of its total share capital. This action may positively impact the stock price by reducing the number of shares available in the market.
The share repurchase program reduces the number of shares available in the market, which can lead to an increase in the stock price due to supply and demand dynamics. The buyback of 3% of total share capital is significant and indicates the company's confidence in its own value.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100