Four Seasons gains on $15 mln stock repurchase plan

Four Seasons Education Cayman

23/09/2021 13:19

** U.S.-listed shares of China-based educational company
 FEDU.N  rise ~71% to $0.99 premarket 
    ** Shares set to open at a near 3-month high in biggest
one-day pct jump ever 
    ** FEDU's board authorizes $15 mln share buyback plan
 urn:newsml:reuters.com:*:nPn76LrKSa
    ** Says it plans to fund repurchase program out of co's
working capital, cash balance or future cash from operating
activities   
    ** As of last close, stock was down ~46% YTD

 (Reporting by Deborah Sophia in Bengaluru)
 ((DeborahMary.Sophia@thomsonreuters.com;))