Smart Share Global Plans $50M Share Buyback Program

  • Chinese consumer tech company Smart Share Global Ltd's EM board of directors has authorized a share repurchase plan for up to $50 million of its shares over the next 12 months.
  • The company expects to fund the repurchases under this program with its existing cash balance.
  • Smart Share held $476.1 million in cash and equivalents as of June 30, 2021.
  • Price Action: EM shares are trading lower by 0.37% at $2.69 on the last check Tuesday.
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