Zhihu, Inc. Class A (HK:2390) has released an update.
Zhihu Inc. has announced a conditional voluntary cash offer to buy back up to 46,921,448 of its Class A ordinary shares, priced at HK$9.11 per share or US$3.50 per American Depositary Share. The company stated that none of its directors, except non-executive director Mr. Dahai Li, intend to accept the offer for their shares. This buyback initiative is part of Zhihu’s strategic financial decisions to optimize its capital structure.
For further insights into HK:2390 stock, check out TipRanks’ Stock Analysis page.