Wanwu Xinsheng announced a significant adjustment to its share buyback plan.
Smart Finance APP learned that Wanwu Xinsheng (RERE.US), China's leading technology-driven second-hand consumer electronics trading and service platform, announced a significant adjustment to its share buyback plan. The company's board of directors has decided to increase the total value of the share buyback from $20 million to $50 million and extend the validity period of the plan to June 27, 2025. This decision reflects the company's confidence in its long-term value and business prospects, and the share buyback plan was approved in March 2024. As of the time of publication, Wanwu Xinsheng's pre-market trading rose 2.39% to $2.14.