iFresh Announces Authorization of 2 Million Share Buyback Program
iFresh Inc. (IFMK)
US:NASDAQ Investor Relations:
investors.ifreshmarket.com/investor-relations
Company Research
Source: GlobeNewswire
NEW YORK, Sept. 13, 2019 (GLOBE NEWSWIRE) -- iFresh, Inc. ("iFresh" or "the Company") (NASDAQ: IFMK), a leading Asian American grocery supermarket chain and online grocer, announced that its Board of Directors has authorized a new share repurchase program of up to 2 million shares of iFresh common stock between certain price range in the open market. The Company expects to put the program into place within the next twelve months and will issue a further release when the program has been established. “The authorization of a stock repurchase program demonstrates the Board’s confidence in the long term value of the Company and our continued commitment to optimizing our shareholder returns. Once the plan is put into place, we will opportunistically repurchase our stock, while maintaining liquidity to support our growth.” said Mr. Long Deng, Chairman and Chief Executive Officer of iFresh. Once established, repurchases under the program may be made from time to time at the Company’s dis
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