Hong Kong's GigaCloud rises on $25 mln share buyback plan

GigaCloud Technology

14/06/2023 11:38

** Shares of Hong Kong-based e-commerce firm GigaCloud
Technology  GCT.O  up 6.5% at $7.99 premarket
    ** Co announces a share repurchase program of up to $25 mln
over the next 12 months
    ** Co said in May that it had $162.7 mln in cash as of March
31
    ** Up to last close, stock is up 31.8% YTD

 (Reporting by Sourasis Bose in Bengaluru)
 ((Sourasis.bose@thomsonreuters.com))