China’s Dingdong authorises $20m share repurchase programme

The company may implement proposed repurchases until 28 January 2025.

Major Chinese grocery e-commerce company Dingdong has approved a share repurchase programme wherein the company may repurchase over $20m of shares over a period until 28 January 2025.

Dingdong’s proposed repurchases can be implemented anytime on the open market at prevalent market prices and other legally permissible means, under current market conditions and according to rules and regulations.

The management may employ the share repurchase, including plans under Rule 10b5-1 and/or Rule 10b-18 under the U.S. Securities Exchange Act of 1934.

ALSO READ: Alibaba.com inks partnership with Alioth to support SMEs

Following the approval, Dingdong’s board of directors will examine the share repurchase program intermittently and may implement adjustments of terms and size. Dingdong also anticipates financing the repurchases out of its existing balance.

Also Read

Nearly 7 in 10 Filipino travellers prioritise shopping during holiday trips

New Zealand's e-commerce market to reach $10.8b by 2028

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit