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Beijing, June 29, 2021 /PRNewswire/-Cook Music Holdings Co., Ltd. (New York Stock Exchange stock code:Cook) (“Kook” or “Company”), a leading artificial intelligence-driven music education company and one of the largest classical music content providers in China, today announced that its board of directors has authorized a share repurchase program under the plan , The company can repurchase to $ 1,000,000 Its American Depositary Shares (“ADS”) passed December 31, 2021.
The repurchase proposed by the company may be carried out on the open market from time to time at current market prices, privately negotiated transactions, block transactions and/or through other methods permitted by law, depending on market conditions and applicable rules and regulations. The company plans to fund the repurchase from its existing cash balance.
He Yu, Chief Executive Officer of Kuco Music, commented: “The stock repurchase program reaffirms our confidence in Kuco’s fundamentals and long-term growth. It also reflects our continued commitment to increase shareholder value while growing our business.”
Forward-looking…
The full story on Benzinga.com
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