Summary by Moomoo AI
New Oriental Education & Technology Group Inc. announced that its board of directors has approved an expansion of its stock repurchase program, from the original 400 million US dollars to 700 million US dollars, and extended the plan's expiration date to May 31, 2025. In addition, the company will hold a board of directors meeting on August 19, 2024 to consider declaring a special dividend. As of now, the company has repurchased approximately 330.3 million US dollars worth of American depositary shares. Share repurchases may be carried out through open market transactions, off-market negotiated transactions, etc. The company reminds shareholders and potential investors to be cautious when buying or selling stocks before the board meeting decides on a special dividend.
