Meituan: It will repurchase up to $2 billion of Class B common shares in the open market from time to time.

Breakings ·  Jun 11 18:06

Meituan announced on the HKEX that the board of directors announced that it has resolved to repurchase the Company's Class B ordinary shares in the open market in an aggregate amount of not more than US$2 billion from time to time. Meituan also stated that the share repurchase will demonstrate the company's confidence in its business outlook and prospects, and will ultimately benefit the company and create value for shareholders. The board of directors believes that the Company's existing financial resources are sufficient to support the share repurchase while maintaining a sound financial condition.

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