VNET Group (VNET) announced that to underscore its confidence in VNET’s future development and growth prospects, its Board of Directors has authorized a share repurchase program under which VNET may repurchase up to $50M of its American depositary shares, each representing six Class A ordinary shares of the company, subject to the relevant rules under the Securities Exchange Act of 1934, as amended, and the company’s insider trading policy.
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