- Vipshop Holdings Ltd VIPS board of directors has authorized a new share repurchase program for up to $1 billion of its American depositary shares or Class A ordinary shares over the next 24-month period.
- The company's board will review the share repurchase program periodically and may authorize adjusting its terms and size.
- The company held $2.7 billion in cash and equivalents as of December 31, 2021.
- Vipshop Holdings is an online discount retailer for brands in China.
- Price Action: VIPS shares are trading higher by 8.58% at $10.00 in premarket on the last check Thursday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in
