Canaan Technology extends its $30 million share buyback program

This article is machine translated
Show original
Canaan Creative announced that its board of directors has approved a new share repurchase program, allowing the company to repurchase up to US$30 million of its American Depositary Shares (ADSs) or Class A ordinary shares over the next 12 months, starting December 12, 2025. The company stated that the repurchases will be conducted through open market or private transactions, funded by existing cash reserves. A previous repurchase program of the same size, lasting six months, has expired, during which the company repurchased approximately US$4.9 million of ADSs.



Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments