Santech Holdings Announces US$5 Million Share Repurchase Program
Santech Holdings Limited - American Depositary Shares (STEC)
Company Research
Source: GlobeNewswire
SHANGHAI, Aug. 26, 2024 (GLOBE NEWSWIRE) -- Santech Holdings Limited (“Santech”, or the “Company”) (NASDAQ: STEC), a consumer-focused technology company in China, today announced that the Company's board of directors has authorized a new share repurchase program under which the Company may repurchase up to US$5 million worth of its outstanding American Depositary Shares (“ADSs”), each representing two ordinary shares, over the next 12 months starting from August 26, 2024. The Company’s proposed repurchases may be made from time to time on the open market at prevailing market prices, in privately negotiated transactions, in block trades and/or through other legally permissible means, depending on market conditions and in accordance with applicable rules and regulations. The Company may implement the share repurchases in accordance with the requirements under Rule 10b5-1 and/or Rule 10b-18 under the U.S. Securities Exchange Act of 1934, as amended, as well as the Company’s insider
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