Yunji Announces US$20 Million Share Repurchase Program
Yunji Inc. - American Depository Shares (YJ)
Last yunji inc. - american depository shares earnings: 3/24 05:30 am
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Source: GlobeNewswire
HANGZHOU, China, Aug. 28, 2019 (GLOBE NEWSWIRE) -- Yunji Inc. (“Yunji” or the “Company”) (NASDAQ: YJ), a leading membership-based social e-commerce platform, today announced that its board of directors has authorized a share repurchase program under which the Company may repurchase up to US$20 million of its shares over the next six months. 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’s board of directors will review the share repurchase program periodically, and may authorize adjustment of its terms and size. The Company plans to fund repurchases from its existing cash balance. Safe Harbor Statements This announcement contains forward-looking statements. These statements are made under the “safe harbor” pr
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