Qifu Technology, Inc.'s board of directors has approved a US$150 million share repurchase plan
Qifu Technology, Inc. (HKEx: 3660), a Credit-Tech platform in China, has made an announcement. The company's board of directors has approved a share repurchase plan. With a budget of up to US$150 million, Qifu Technology aims to repurchase its American depositary shares or Class A ordinary shares over the next 12 months, starting from June 20, 2023.
The share repurchases will be conducted using various methods, depending on prevailing market conditions and in compliance with applicable rules and regulations. Qifu Technology may execute repurchases on the open market at prevailing market prices, engage in privately negotiated transactions, opt for block trades, or utilize other legally permissible means. This flexibility allows the company to adapt its approach based on market dynamics, ensuring the best possible outcome for both the company and its shareholders.
On March 31, 2023, 360 DigiTech, Inc. changed its name to Qifu Technology, Inc.
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