TechFlow news: Bitdeer Technologies Group, the mining company under Wu Jihan, announced that its board of directors has approved a share repurchase program authorizing the repurchase of up to US$2,000,000 worth of Class A ordinary shares, effective until April 17, 2024.
Under the program, repurchases may be conducted through various means, including open market transactions, privately negotiated transactions, or other lawful methods.
The timing and volume of repurchases will depend on multiple factors such as share price, trading volume, market conditions, and the company's operational needs, and will be carried out in compliance with applicable laws.
The board will periodically review the program and may modify, suspend, or terminate it at any time. The company intends to fund the repurchases using its existing cash reserves, aiming to minimize impact on its stock price and generate enhanced long-term returns for shareholders.
