CANG - Cango up 9% on $50M buyback

April, 21 2023 06:08 AM Cango Inc. American Depositary Shares each representing two Class A

2023-04-21 06:08:26 ET

Cango ( NYSE: CANG ) has authorized a new share repurchase program to repurchase $50M shares over the next 12 months starting from April 25, 2023.
Pursuant to the existing share repurchase program, the company had repurchased ~2.79M ADSs from the open market with cash in the aggregate amount of ~$5.7M up to April 17, 2023.
For avoidance of doubt, the existing share repurchase program will remain in effect until its expiration on April 25, 2023.
Stock price is up 9% during pre-market

For further details see:

Company Name:	Cango Inc. American Depositary Shares each representing two Class A
Stock Symbol:	CANG
Market:	NYSE
Website:	cangoonline.com