Qifu Technology Provides Updates on Share Repurchase Plans
Qifu Technology, Inc - American Depositary Shares (QFIN)
Company Research
Source: GlobeNewswire
SHANGHAI, China, Dec. 30, 2024 (GLOBE NEWSWIRE) -- Qifu Technology, Inc. (NASDAQ: QFIN; HKEx: 3660) (“Qifu Technology” or the “Company”), a leading Credit-Tech platform in China, today provided updates on its share repurchase plans. On March 12, 2024, the Company’s board of directors (the “Board”) approved a share repurchase plan (the “2024 Share Repurchase Plan”), whereby the Company is authorized to repurchase its American depositary shares (“ADSs”) or Class A ordinary shares with an aggregate value of up to US$350 million during the 12-month period from April 1, 2024. As of December 30, 2024, the Company had utilized substantially all of the total authorized value for the 2024 Share Repurchase Plan. Specifically, the Company had in aggregate purchased 15,110,617 ADSs in the open market for a total amount of US$349,997,661 (inclusive of commissions) at an average price of US$23.14 per ADS. The Company intends to cancel all of the repurchased shares in accordance with applicable r
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QFIN
News
- Qifu Technology, Inc. (NASDAQ: QFIN) had its price target raised by analysts at Citigroup Inc. from $31.44 to $37.50. They now have a "buy" rating on the stock.MarketBeat
- Qifu Technology Announces Third Quarter 2024 Unaudited Financial Results and Launches A New US$450 Million Share Repurchase Plan for 2025GlobeNewswire
- Qifu Technology to Announce Third Quarter 2024 Unaudited Financial Results on November 19, 2024GlobeNewswire
QFIN
Earnings
- 11/19/24 - Beat
QFIN
Sec Filings
- 12/30/24 - Form 6-K
- 12/2/24 - Form 144
- 12/2/24 - Form 144
- QFIN's page on the SEC website