By Don Nico Forbes
Fanhua has expanded its share repurchase program by $20 million, bringing the total authorized amount to $40 million.
The Chinese financial-services provider said Friday that under the program, 726,616 shares had been purchased as of June 30 for roughly $5.4 million, and that several senior executives, including Chief Executive Yinan Hu, plan to purchase up to $5 million over the next 12 months.
The buyback program is intended to enhance shareholder returns and signal confidence in long-term growth, the company said.
Write to Don Nico Forbes at don.forbes@wsj.com
(END) Dow Jones Newswires
July 05, 2024 06:40 ET (10:40 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。