Fanhua Provides Update on its Share Buyback Program for the Week of July 8, 2019
Fanhua Inc. - American depositary shares, each representing 20 ordinary shares (FANH)
Last fanhua inc. - american depositary shares, each representing 20 ordinary shares earnings: 3/18 04:55 pm
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Source: GlobeNewswire
GUANGZHOU, China, July 15, 2019 (GLOBE NEWSWIRE) -- Fanhua Inc. (“Fanhua” or “the Company”) (Nasdaq: FANH), a leading independent financial services provider in China, today announced that it has repurchased 47,692 of its American Depository Shares (“ADSs”) at an average price of approximately US$32.7 per ADS for a total amount of approximately US$1.6 million for the week of July 8, 2019. From March 13, 2019 to July 12, 2019, it has purchased an aggregate of 2,140,115 ADSs, at an average price of approximately US$27.6 per ADS for a total amount of approximately US$59.1 million, under its share buyback program to repurchase up to US$200 million ADSs by December 31, 2019, as previously announced by its board of directors in March 2019. Pursuant to its share buyback programs executed in 2018 and 2019, a total of 3,563,889 ADSs have been repurchased at an average price of approximately US$26.8 per ADS for a total amount of approximately US$95.4 million, as of July 12, 2019. About
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- FANH's page on the SEC website