Xunlei Announces US$20 Million Share Repurchase Program
Summary
Xunlei approved a new share repurchase program of up to US$20 million over the next 12 months. The company plans to fund the buyback from cash on hand and can use several repurchase methods, including open market purchases and algorithmic trading. Management says the program reflects confidence in operating performance and long-term development. The announcement does not introduce a new product, acquisition, or personnel change.
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Entertainment
applications
Procurement & Purchasing
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SaaS
Developer Tools
Cloud Storage Software
Linked Companies
Xunlei
$250M to $500M