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:
Cango up 9% on $50M buyback