Mogu Inc (MOGU) has released an update.
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MOGU Inc., a leading KOL-driven online fashion and lifestyle platform in China, has announced a new share repurchase program, with plans to buy back up to US$8 million worth of its ordinary shares by May 2025. The repurchase initiative aims to utilize the company’s existing cash reserves to acquire shares on the open market and through other permissible methods. This move is anticipated to bring value to shareholders and demonstrate confidence in the company’s financial stability and future prospects.
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