Jianpu Technology Extends Share Repurchase Program to Boost Shareholder Value

Jianpu Technology ( (AIJTY) ) has provided an update.

Jianpu Technology Inc. has announced an extension of its share repurchase program, initially set to expire in January 2025, for an additional 12 months. This decision reflects the company’s ongoing commitment to enhancing shareholder value. Under the extended program, Jianpu can repurchase up to $3 million of its ADSs or Class A ordinary shares over a 24-month period, funded by its existing cash balance. This move is anticipated to positively impact Jianpu’s market positioning by reinforcing investor confidence and demonstrating financial stability.

More about Jianpu Technology

Jianpu Technology Inc. operates a leading open financial technology platform in China under the Rong360 brand. The company connects users with a wide range of financial and non-financial products and services, leveraging digital technology for efficient and secure solutions. It also aids partners by offering digital intelligence services, such as risk management and intelligent marketing, as it expands its FinTech+ ecosystem and global presence.

YTD Price Performance: -61.73%

Average Trading Volume: 7,183

Technical Sentiment Consensus Rating: Strong Buy

Current Market Cap: $7.96M

Learn more about AIJTY stock on TipRanks’ Stock Analysis page.