Qudian announced that its board of directors has authorized a share repurchase program under which the company may repurchase up to $300M worth of its outstanding American depositary shares, each representing one Class A ordinary share, and/or (ii) Class A ordinary shares over the next 36 months starting from June 13.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>