Mogu Inc: Soars on $10 mln share buyback program
14/09/2020 15:57
** Shares of Chinese online fashion and lifestyle e-commerce
company MOGU.N jump 14.1% to $2.03 - among top pct. gainers
across U.S. exchanges
** Company announces share buyback program of up to $10 mln,
effective until Sept. 12, 2021 urn:newsml:reuters.com:*:nBw5B3mBga
** MOGU expects to fund the repurchases under this program
with its existing cash balance
** Company has ~109 mln outstanding shares, and a market cap
of $231.9 mln - Refinitiv data
** Stock up 6.6% so far this year
(Reporting by C Nivedita in Bengaluru)
((C.nivedita@thomsonreuters.com))