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6-K: New Oriental Announces Upsizing of Share Repurchase Program

6-K: New Oriental Announces Upsizing of Share Repurchase Program

6-K：新东方宣布扩大股票回购计划
美股sec公告 ·  08/06 06:13
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New Oriental Education & Technology Group Inc. (New Oriental), a leading provider of private educational services in China, has announced an increase in its share repurchase program. The board of directors has approved the expansion of the program from the previously authorized amount of US$400 million to US$700 million. This upsizing is effective through May 31, 2025, and as of the date of the announcement, New Oriental has already repurchased approximately US$330.3 million worth of its ADSs. The repurchases will be conducted through various methods such as open market transactions, privately negotiated transactions, block trades, or other legal means, subject to market conditions and regulatory requirements. The board intends to periodically review the program and may adjust its terms and size accordingly. New Oriental's ADSs, representing ten common shares each, are traded on the NYSE, and its Hong Kong-listed shares are fully fungible with the NYSE-listed ADSs.
New Oriental Education & Technology Group Inc. (New Oriental), a leading provider of private educational services in China, has announced an increase in its share repurchase program. The board of directors has approved the expansion of the program from the previously authorized amount of US$400 million to US$700 million. This upsizing is effective through May 31, 2025, and as of the date of the announcement, New Oriental has already repurchased approximately US$330.3 million worth of its ADSs. The repurchases will be conducted through various methods such as open market transactions, privately negotiated transactions, block trades, or other legal means, subject to market conditions and regulatory requirements. The board intends to periodically review the program and may adjust its terms and size accordingly. New Oriental's ADSs, representing ten common shares each, are traded on the NYSE, and its Hong Kong-listed shares are fully fungible with the NYSE-listed ADSs.
中国教育科技集团新东方（New Oriental）宣布增加回购计划。董事会已批准将计划从之前的授权金额 $40000万 提高至 $70000万。此次增资有效期截至2025年5月31日，在公告发布之日，新东方已经回购了约 $33030万 的美国存托凭证。回购将通过开放式市场交易、私下协商交易、大宗交易或其他合法方式进行，但需遵守市场条件和法规要求。董事会将定期审查计划，可能根据情况相应地调整计划的条款和规模。新东方的美国存托凭证每份代表十股普通股，在纽交所上市交易，其香港上市的股票与纽交所上市的存托凭证完全可互换。
中国教育科技集团新东方（New Oriental）宣布增加回购计划。董事会已批准将计划从之前的授权金额 $40000万 提高至 $70000万。此次增资有效期截至2025年5月31日，在公告发布之日，新东方已经回购了约 $33030万 的美国存托凭证。回购将通过开放式市场交易、私下协商交易、大宗交易或其他合法方式进行，但需遵守市场条件和法规要求。董事会将定期审查计划，可能根据情况相应地调整计划的条款和规模。新东方的美国存托凭证每份代表十股普通股，在纽交所上市交易，其香港上市的股票与纽交所上市的存托凭证完全可互换。
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