Xunlei Limited (NASDAQ: XNET) has approved a $20 million of its shares over the next 12 months
Buybacks
June 6, 2023
Xunlei Limited (NASDAQ: XNET), a pioneering force in shared cloud computing and blockchain technology in China, has recently made an announcement regarding its financial strategy. The company's board of directors has approved a new share repurchase program, named the 2023 Share Repurchase Program, which allows Xunlei to repurchase up to US$20 million of its shares over the next 12 months.
In March 2022, Xunlei initiated a share repurchase program, authorizing the company to buy back its shares worth up to $20 million over the following 12 months. Since then, the company has already utilized approximately US$7.9 million to repurchase its shares. This previous program paved the way for the recently approved 2023 Share Repurchase Program.
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