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Cango Inc. American Depositary Shares each representing two Class A
Cango (NYSE:CANG) has announced a new stock repurchase program to buyback up to $50M of its outstanding American depositary shares, each representing two Class A ordinary shares, and/or Class A ordinary shares. The company plans to fund the repurchases from its existing cash balance. The repurchase plan is for a one-year period starting from April 25, 2022. Earlier, Cango declares $1.00 special dividend. Shares of CANG jumped 19.07% after hours