- RLX Technology Inc RLX board of directors has authorized a share repurchase program for up to $500 million of its shares.
- The company plans to make the buyback over a period until December 31, 2023.
- RLX Technology expects to fund the repurchases out of its existing cash balance.
- It held $2.28 billion in cash and equivalents as of September 30, 2021.
- Price Action: RLX shares are trading higher by 24.2% at $4.859 on the last check Wednesday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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