Communication Mar 29, 2021 05:49 PM (GMT+8) · EqualOcean
Tencent Music Entertainment announced that its board of directors has approved a USD 1 billion share buyback plan. As a result, the company can now repurchase USD 1 billion of Class A common stock in the form of American Depository Shares (ADS) over the next 12 months. This can be seen as a reaction to its stock price that plunged more than 30% last week. Today's news with their share buyback plan has caused the share price to rise again. This briefing is contributed by and first appeared on CIMK.

Source: CIMK

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