Hot Chinese ADRs Gained in Morning Trading, With RLX Technology Rising over 5%

Tiger Newspress2023-12-29

Hot Chinese ADRs gained in morning trading, with RLX Technology rising over 5%.

NetEase, XPeng rose over 4%; Bilibili rose over 3%; iQiyi, JD.com, Li Auto rose over 1%.

RLX Technology Friday announced that its board of directors has authorized the extension of its existing share repurchase program established in December 2021 for an additional 24-month period through December 31, 2025.

Under the existing share repurchase program, the company may repurchase up to $500 million of its ordinary shares represented by ADSs until December 31, 2023.

As of December 28, the company had repurchased approximately $193.5 million of its ordinary shares represented by ADSs.

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Comments

Longmanlee
2023-12-31
Longmanlee
Fimally
LeonHuang
2023-12-30
LeonHuang
👍

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