MOGU Inc. (MOGU) Announces $10M Share Buyback
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MOGU Inc. Announces US$10 Million Share Repurchase Program
August 27, 2021 5:05 AM EDTHANGZHOU, China--(BUSINESS WIRE)-- MOGU Inc. (NYSE: MOGU) (MOGU or the Company), a leading KOL-driven online fashion and lifestyle destination in China, today announced that its board of directors has authorized a new share repurchase program, where the Company is authorized to repurchase up to US$10 million of its shares, effective until August 26, 2022. The Company expects to fund the repurchases under this program with its existing cash balance.
"The announcement of this new repurchase program reflects our continued confidence in our long-term business growth prospects, commented Mr. Shark Chen Qi, Chairman and Chief... More
