Viomi Technology Plans $10M Share Buyback Program

by Shivani Kumaresan, Benzinga Staff Writer

October 14, 2021 7:38 AM | 1 min read |

Viomi Technology Co Ltd VIOT Board of Directors has approved a share repurchase program up to $10 million worth of its Class A ordinary shares in the form of American depositary shares.
The buyback scheme will be functional through the next twelve calendar months.
Viomi expects to fund the repurchase out of its existing cash balance.‎ It held $178 million in cash and equivalents as of June 30, 2021.
Price Action: VIOT shares are trading higher by 1.92% at $4.25 in premarket on the last check Thursday.