Baozun Plans $50M Share Repurchase Program

by Shivani Kumaresan, Benzinga Staff Writer

November 30, 2021 6:26 AM | 1 min read |

Baozun Inc BZUN announced its board of directors had authorized a new share repurchase program to repurchase up to $50 million of its outstanding American Depositary Shares and Class A ordinary shares.
The buyback will take place over the next 12 months, starting from November 30, 2021.
The company said it has already completed its $125 million share repurchase program announced on May 18, 2021.
Baozun held $427 million in cash and equivalents as of September 30, 2021.
Price Action: BZUN shares are trading lower by 8.22% at $13.62 in premarket on the last check Tuesday.