- ATRenew Inc's RERE board authorized a share buyback program to repurchase up to $100 million of its shares over twelve months starting from December 28.
- ATRenew is a technology-driven pre-owned consumer electronics transactions and services platform in China.
- ATRenew expects to fund the repurchases from its existing cash balance. It held $393.9 million in cash and equivalents as of September 30.
- Price Action: RERE shares closed higher by 1.39% at $5.82 on Monday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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