Xunlei (XNET) Announces $20M Share Buyback
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Xunlei Announces US$20 Million Share Repurchase Program
June 4, 2024 8:00 AM EDTSHENZHEN, China, June 04, 2024 (GLOBE NEWSWIRE) -- Xunlei Limited (Xunlei or the Company) (Nasdaq: XNET), a leading technology company providing distributed cloud services in China, today announced that the board of directors of the Company (the Board) has approved a new share repurchase program under which the Company may repurchase up to US$20 million of its ADSs or common shares over the next 12 months (the 2024 Share Repurchase Program). The Board will review the 2024 Share Repurchase Program periodically and, if necessary, adjust its size and terms as necessary.
In June 2023, Xunlei announced... More
