Kanzhun Trustee Purchases Another 390,618 Shares Under Post-IPO Scheme, Shares Down 7%
kanzhun-W (02076.HK): Plans to purchase a total of 0.3906 million Class A common shares following the initial public offering.
Gelonghui, on November 25th, announced that kanzhun-W (02076.HK) stated that on November 22, 2024, internal resources will be allocated by the company to purchase a total of 390,618 Class A common shares (equivalent to 195,309 American Depositary Shares) in the open market, and hold these shares in a reits for eligible participants (as defined in the plan), at an average cost of $6.39 per Class A common share (excluding all relevant expenses).
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kanzhun-W (02076.HK): Plans to purchase 0.3597 million Class A common shares after the initial public offering.
Kanzhun-W (02076.HK) announced on November 19 that, on November 18, 2024, the company's internal resources were allocated to the trustee to purchase a total of 0.3597 million shares of Class A common stock on the open market in accordance with the terms and conditions of the plan (in the form of 0.1799 million American depositary shares), and hold such shares for eligible participants in trust.
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Kanzhun-W (02076.HK): According to the first public offering, plans to purchase 0.3586 million shares of Class A common stock after the sale.
GeLonghui on November 13th | Kanzhun-W (02076.HK) announced that on November 12, 2024, funded by internal resources of the company, the trustee plans to purchase a total of 0.3586 million shares of Class A common stock (in the form of 0.1793 million American depositary shares) on the open market, and hold such shares in trust for eligible participants.
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Furui: The internet-related industry is at the beginning stage of a new cycle, and science and technology enterprises with 3 major characteristics will take the lead.
The investment sentiment in Chinese network technology stocks has improved. Zhuang Yaohong, Director and General Manager of the Internet and Media Industry Research Department in the Asia-Pacific region of Fuli, stated that the internet industry is entering a new period, with profit growth potential, leading market position, and companies benefiting from policies starting to apply the PEG (Price/Earnings to Growth) valuation method, driving the stock price breakthrough.
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