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Santech Holdings | 6-K: Report of foreign private issuer [Rules 13a-16 and 15d-16]

Santech Holdings | 6-K: Report of foreign private issuer [Rules 13a-16 and 15d-16]

三合智能 | 6-K:外国发行人报告
美股SEC公告 ·  2024/08/26 06:07

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Santech Holdings Limited, a consumer-focused technology company in China, has announced a new share repurchase program authorized by its board of directors. The program allows the company to repurchase up to $5 million worth of its outstanding American Depositary Shares (ADSs) over the next 12 months, starting from August 26, 2024.The repurchases may be executed through various means, including open market transactions, privately negotiated deals, and block trades, subject to market conditions and applicable regulations. The program may be implemented in accordance with Rule 10b5-1 and/or Rule 10b-18 under the U.S. Securities Exchange Act of 1934. Santech plans to fund the repurchases from its existing cash balance.Santech, listed on NASDAQ under the ticker STEC, has transitioned from its historical businesses in financial services and health management. The company is now actively exploring innovative opportunities in technology, including new retail, social e-commerce, and metaverse applications, leveraging its large accumulated customer base of high net-worth clients in China.
Santech Holdings Limited, a consumer-focused technology company in China, has announced a new share repurchase program authorized by its board of directors. The program allows the company to repurchase up to $5 million worth of its outstanding American Depositary Shares (ADSs) over the next 12 months, starting from August 26, 2024.The repurchases may be executed through various means, including open market transactions, privately negotiated deals, and block trades, subject to market conditions and applicable regulations. The program may be implemented in accordance with Rule 10b5-1 and/or Rule 10b-18 under the U.S. Securities Exchange Act of 1934. Santech plans to fund the repurchases from its existing cash balance.Santech, listed on NASDAQ under the ticker STEC, has transitioned from its historical businesses in financial services and health management. The company is now actively exploring innovative opportunities in technology, including new retail, social e-commerce, and metaverse applications, leveraging its large accumulated customer base of high net-worth clients in China.
三泰科技控股有限公司是一家专注于消费的科技公司,位于中国,已宣布由董事会授权的新股票回购计划。该计划允许公司在未来12个月内回购最多价值500万美元的美国存托股份(ADS),自2024年8月26日起生效。回购可能通过多种方式执行,包括公开市场交易、私下协商交易和大宗交易,具体取决于市场情况和适用法规。该计划可能根据1934年美国证券交易法第10b5-1条款和/或第100亿.18条款实施。三泰计划利用现有现金余额为回购提供资金。三泰在纳斯达克上市,股票代号为STEC,已从其过去的金融服务和健康管理业务转型。公司现在积极探索科技领域的创新机会,包括新零售、社交电子商务和元宇宙应用,利用其在中国拥有的大量高净值客户基础。
三泰科技控股有限公司是一家专注于消费的科技公司,位于中国,已宣布由董事会授权的新股票回购计划。该计划允许公司在未来12个月内回购最多价值500万美元的美国存托股份(ADS),自2024年8月26日起生效。回购可能通过多种方式执行,包括公开市场交易、私下协商交易和大宗交易,具体取决于市场情况和适用法规。该计划可能根据1934年美国证券交易法第10b5-1条款和/或第100亿.18条款实施。三泰计划利用现有现金余额为回购提供资金。三泰在纳斯达克上市,股票代号为STEC,已从其过去的金融服务和健康管理业务转型。公司现在积极探索科技领域的创新机会,包括新零售、社交电子商务和元宇宙应用,利用其在中国拥有的大量高净值客户基础。
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