Meituan Dianping Plans $2 Billion Share Buyback

Meituan Dianping (HK:3690) has released an update.

Meituan Dianping has announced its intention to repurchase up to US$2 billion of its Class B ordinary shares from the open market, a move that reflects the company’s confidence in its business outlook and is aimed at increasing shareholder value. The repurchases will be carried out under the existing Share Repurchase Mandate, subject to market conditions and at the discretion of the company’s Board. Investors are cautioned to be mindful of market dealings as the repurchase is not guaranteed in terms of timing, quantity, or price.

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