Mogu announces us$8 million share repurchase program

Hangzhou, china--(business wire)--mogu inc. (nyse: mogu) (“mogu” or the “company”), a kol-driven online fashion and lifestyle destination in china, today announced that its board of directors has authorized a new share repurchase program, where the company is authorized to repurchase up to us$8 million of its ordinary shares in the form of american depositary shares, effective until may 13, 2025. the company expects to fund the repurchases under this program with its existing cash balance. the.
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