Sunlands Technology Adopts $15M Stock Buyback Program

by Shivani Kumaresan, Benzinga Staff Writer

December 6, 2021 5:16 AM | 1 min read | Make a Comment

Sunlands Technology Group STG announced that its Board has approved a share repurchase program to repurchase up to $15 million of its Class A ordinary shares.
The company will repurchase the shares over 24 months.
The company's proposed repurchases may be made from time to time on the open market.
Sunlands held $130.3 million in cash and equivalents as of September 30, 2021.
Price Action: STG shares closed lower by 16.23% at $3.20 on Friday.

Posted In: News Penny Stocks Buybacks Briefs

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