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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:新東方宣佈擴大股票回購計劃
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.
中國教育科技集團新東方(New Oriental)宣佈增加回購計劃。董事會已批准將計劃從之前的授權金額 $40000萬 提高至 $70000萬。此次增資有效期截至2025年5月31日,在公告發布之日,新東方已經回購了約 $33030萬 的美國存託憑證。回購將通過開放式市場交易、私下協商交易、大宗交易或其他合法方式進行,但需遵守市場條件和法規要求。董事會將定期審查計劃,可能根據情況相應地調整計劃的條款和規模。新東方的美國存託憑證每份代表十股普通股,在紐交所上市交易,其香港上市的股票與紐交所上市的存託憑證完全可互換。
中國教育科技集團新東方(New Oriental)宣佈增加回購計劃。董事會已批准將計劃從之前的授權金額 $40000萬 提高至 $70000萬。此次增資有效期截至2025年5月31日,在公告發布之日,新東方已經回購了約 $33030萬 的美國存託憑證。回購將通過開放式市場交易、私下協商交易、大宗交易或其他合法方式進行,但需遵守市場條件和法規要求。董事會將定期審查計劃,可能根據情況相應地調整計劃的條款和規模。新東方的美國存託憑證每份代表十股普通股,在紐交所上市交易,其香港上市的股票與紐交所上市的存託憑證完全可互換。
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