Tencent Music Entertainment Group Announces $400 million Share Repurchase Program
Tencent Music Entertainment Group American Depositary Shares, each representing two Class A Ordinary Shares (TME)
Last tencent music entertainment group american depositary shares, each representing two class a ordinary shares earnings: 3/16 04:15 pm
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Source: PR Newswire
SHENZHEN, China, Dec. 17, 2019 /PRNewswire/ -- Tencent Music Entertainment Group ("Tencent Music", "TME", or the "Company") (NYSE: TME), the leading online music entertainment platform in China, today announced that its board of directors (the "Board") has authorized a share repurchase program under which the Company may repurchase up to $400 million of its Class A ordinary shares in the form of American depository shares ("ADSs") during a twelve-month period commencing on December 15, 2019 (collectively, the "Share Repurchase Program").Mr. Cussion Pang, Chief Executive Officer of Tencent Music, said, "The Share Repurchase Program reflects the Board's confidence in the fundamental and long-term potential of the Company's business. Our strong financial position and cash generating ability not only enable us to continue to invest in our long-term sustainable growth, but also return value to our shareholders."The Company's proposed repurchases may be made from time to time through open m
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TME
Earnings
- 11/12/24 - Miss
TME
Sec Filings
- 11/12/24 - Form 6-K
- 10/15/24 - Form 6-K
- TME's page on the SEC website