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Cango Inc. American Depositary Shares each representing two Class A
Cango (NYSE:CANG) authorizes a new share repurchase program up to $50M worth shares over the next 12 months starting from August 26, 2021. On March 2, 2021, the company announced a share repurchase program up to $50M shares. Company had repurchased 5,397,207 ADSs with cash in the aggregate amount of approximately $48.4M up to July 31, 2021. Bullish take on the stock by contributor who writes: 'Cango: A Massively Undervalued Chinese Fintech Play' Shares jump ~4.5% during after market hours.