Sunland Technology rises on $15 mln share buyback program

Sunlands Technology

06/12/2021 12:17

** Shares of Chinese online education co  STG.N  up ~11% at
$3.55 - among top pct gainers on the NYSE premarket 
    ** Co to buy back up to $15 mln worth of its class A
ordinary shares in the form of American depositary shares over
the next two years  urn:newsml:reuters.com:*:nPn33jb5qa
    ** STG plans to fund repurchase with existing cash balance 
    ** Up to Friday's close, stock had fallen 76.5% YTD

 (Reporting by Sohini Podder in Bengaluru)
 ((sohini.podder@thomsonreuters.com))