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QuantaSing Group Limited
(NASDAQ: QSG)
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2:13 PM UTC, 04/11/25 | |||
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| Last: $4.42 | Change: +0.33 | %Change: +8.07% | Volume: 260,468 | |
QuantaSing Group's Board Approves $20 Million Share Repurchase Program; ADRs Jump in Premarket Trade
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Last updated: 06/11/2024 7:17:47 AM
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Last updated: 06/11/2024 7:17:47 AM
07:17 AM EDT, 06/11/2024 (MT Newswires) -- QuantaSing Group (QSG) said on Tuesday that its board has authorized a share repurchase program under which the company may repurchase up to $20 million of its Class A ordinary shares in the form of American depositary shares.
The share repurchase program is effective over a 12-month period starting Tuesday and the company said that it plans to fund the repurchases from its existing cash balance.
American depository receipts of QuantaSing Group were up by around 21% in recent pre-market trade on Tuesday.
Price: 2.0100, Change: +0.38, Percent Change: +23.31
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