Meituan Dianping Plans $2 Billion Share Buyback
Company Announcements

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.

For further insights into HK:3690 stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks HongKong Auto-Generated NewsdeskMeituan Dianping Grants RSUs to Boost Talent Retention
TipRanks HongKong Auto-Generated NewsdeskMeituan Dianping Announces Senior Notes Issuance
TipRanks HongKong Auto-Generated NewsdeskMeituan Plans Exclusive Senior Note Offering
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App