Summary by Moomoo AI
Kuaishou Technology submitted its next-day disclosure report on August 30, 2024, disclosing changes in its share structure. The report shows that Kuaishou Technology issued 27,283 new shares on August 30, 2024, at a price of HKD 0.3273 per share, as part of the share plan for granting stock rewards or options to participants. On the same day, the company also conducted share repurchases and cancellations, repurchasing a total of 19,519,000 shares at a repurchase price of HKD 41.7587 per share. In addition, Kuaishou Technology converted Class A common shares to Class B common shares, with a total of 3,376,428 shares. The number of repurchased shares to be cancelled but not yet cancelled is 488,000 shares to 742,100 shares, with a repurchase price range of HKD 38.5109 to HKD 40.8437. Kuaishou Technology has confirmed that all share changes have been formally authorized by the board of directors and comply with all applicable listing rules, laws, and other regulatory requirements.
