Baozun (BZUN) Announces $125 million Share Repurchase Program

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Go back to Baozun (BZUN) Announces $125 million Share Repurchase Program

Baozun Announces US$125 million Share Repurchase Program

May 18, 2021 6:46 AM EDT

SHANGHAI, China, May 18, 2021 (GLOBE NEWSWIRE) -- Baozun Inc. (Nasdaq: BZUN and HKEX: 9991) (Baozun or the Company), the leading brand e-commerce service partner that helps brands execute their e-commerce strategies in China, today announced that its board of directors has authorized a share repurchase program under which the Company may repurchase up to US$125 million worth of its outstanding (i) American depositary shares (ADSs), each representing three Class A ordinary shares, and/or (ii) Class A ordinary shares over the next 12 months starting from May 18, 2021.

The Companys proposed... More