Meituan (HKG:3690) plans to buy back class B ordinary shares worth up to $2 billion, according to a Tuesday filing with the Hong Kong Exchange.
The shares will be repurchased in the open market, the filing stated.
Shares of the food delivery service provider were down nearly 2% in recent trade.
Price (HKD): $113.50, Change: $-1.80, Percent Change: -1.56%
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