Santech Holdings (STEC) said Monday its board has authorized a new 12-month share repurchase program for up to $5 million of its outstanding American depositary shares, each representing two ordinary shares.
The company said it plans to fund repurchases from its existing cash balance.
Santech shares gained more than 42% in premarket activity Monday.
Price: 0.3500, Change: +0.2448, Percent Change: +42.78
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