Vipshop Holdings (VIPS) Announces $1B Share Buyback
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Vipshop Announces US$1 Billion Share Repurchase Program
March 31, 2022 5:04 AM EDTGUANGZHOU, China, March 31, 2022 /PRNewswire/ --Â Vipshop Holdings Limited (NYSE: VIPS), a leading online discount retailer for brands in China ("Vipshop" or the "Company"), today announced that its board of directors has authorized a new share repurchase program under which the Company may repurchase up to US$1 billion of its American depositary shares or Class A ordinary shares over the next 24-month period. The Company plans to adopt and implement such share repurchase program in accordance with applicable rules and requirements under the Securities Exchange Act of 1934, as... More
