Dada Nexus Adopts $70M Stock Buyback Program

by Shivani Kumaresan, Benzinga Staff Writer

March 11, 2022 7:36 AM | 1 min read | Make a Comment

Dada Nexus Ltd DADA board of directors has authorized a share repurchase program of up to $70 million during the next twelve-month period.
The company plans to fund the repurchase out of its existing cash balance.
The company held RMB1.76 billion in cash and equivalents as of December 31, 2021.
Also, See Dada Nexus' Q4 Results
Price Action: DADA shares are trading higher by 3.66% at $7.36 in premarket on the last check Friday.

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