Mogu rises on share repurchase plan
09/09/2022 12:29
** U.S.-listed shares of Chinese e-commerce co Mogu Inc
MOGU.N jump ~31% premarket at $2.62
** If gains hold, shares to open at four-month high
** MOGU announces $10 mln share repurchase program
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** Company expects to fund repurchases with its existing
cash balance
** Up to Thursday's close, stock had fallen 56.08% YTD
(Reporting by Arunima Kumar in Bengaluru)
((Arunima.Kumar@thomsonreuters.com; Twitter: https://twitter.com/Aru_Kumar94))