- Sunlands Technology Group STG announced that its Board has approved a share repurchase program to repurchase up to $15 million of its Class A ordinary shares.
- The company will repurchase the shares over 24 months.
- The company's proposed repurchases may be made from time to time on the open market.
- Sunlands held $130.3 million in cash and equivalents as of September 30, 2021.
- Price Action: STG shares closed lower by 16.23% at $3.20 on Friday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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