Quantasing Group Ltd. ADR (QSG) has released an update.
QuantaSing Group Limited, a dominant player in China’s online learning market, has announced a share repurchase program authorizing the buyback of up to $20 million of its Class A ordinary shares in the form of ADSs over the next year. This strategic move signifies the company’s confidence in its growth trajectory and long-term value, intending to fund the repurchases from its existing cash balance. The repurchase plan will be subject to market conditions and regulatory compliances, aiming to maximize shareholder value.
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