Four Seasons Education Plans $15M Share Buyback Program

by Shivani Kumaresan, Benzinga Staff Writer

September 23, 2021 3:50 PM | 1 min read

Four Seasons Education (Cayman) Inc FEDU board of directors has approved a share repurchase of its ordinary shares in the form of ADSs of up to $15.0 million during the next twelve-month period.
The company plans to fund the repurchase program with available working capital, existing cash balance, or future cash provided by operating activities.
The company held $63.3 million in cash and equivalents as of February 28, 2021.
Price Action: FEDU shares are trading higher by 29.3% at $0.75 on the last check Thursday.

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