Kuaishou Technology Class B (HK:1024) has released an update.
Kuaishou Technology has initiated an automatic HK$6 billion share repurchase program, contracting Morgan Stanley to buy back shares with pre-set parameters to avoid insider trading and market manipulation risks. The program will run from August 8, 2024, to May 30, 2025, or until the repurchase amount is fully utilized, adhering to the Hong Kong Stock Exchange rules and a granted waiver for restricted periods. The company has implemented stringent measures to maintain the integrity of the repurchase process.
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