SEHK:1357Interactive Media and Services
Assessing Meitu (SEHK:1357) Valuation After Launching A 10% Share Buyback Program
What Meitu’s New Buyback Could Mean for Shareholders
Meitu (SEHK:1357) has started a new share repurchase program, with board approval to buy back up to 456,617,928 shares, or 10% of its issued share capital, using legally available funds.
The company expects these repurchases to lift net asset value and earnings per share. The authorization will run until the next Annual General Meeting or until shareholders change or revoke it.
See our latest analysis for Meitu.
Despite the buyback...