March 11, 2022 7:36 AM 1 min read

Dada Nexus Adopts $70M Stock Buyback Program

by Shivani Kumaresan Benzinga Staff Writer
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  • Dada Nexus Ltd DADA board of directors has authorized a share repurchase program of up to $70 million during the next twelve-month period. 
  • The company plans to fund the repurchase out of its existing cash balance.
  • The company held RMB1.76 billion in cash and equivalents as of December 31, 2021.
  • Also, See Dada Nexus' Q4 Results
  • Price Action: DADA shares are trading higher by 3.66% at $7.36 in premarket on the last check Friday.
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