Brief: Tarena International Announces Increase To The Size And Extension Of The Term Of Its Share Repurchase Plan

VisionSys AI

22/06/2018 14:19

June 22 (Reuters) - Tarena International Inc  TEDU.O :
    * TARENA INTERNATIONAL ANNOUNCES INCREASE TO THE SIZE AND
EXTENSION OF THE TERM OF ITS SHARE REPURCHASE PLAN
    * =BOARD AUTHORIZED AN INCREASE TO SIZE OF SHARE REPURCHASE
PLAN
IT ADOPTED ON AUGUST 21, 2017 FROM US$30 MILLION TO US$70
MILLION
    * EXPECTS TO FUND REPURCHASES MADE UNDER PLAN FROM EXISTING
CASH
BALANCE AND/OR FUTURE CASH PROVIDED BY OPERATING ACTIVITIES
    * BOARD AUTHORIZED AN EXTENSION OF THE SHARE REPURCHASE PLAN
IT
ADOPTED ON AUGUST 21, 2017 TO JUNE 20, 2019

Source text for Eikon:  ID:nPn97WwYja 
Further company coverage:  TEDU.O 

 ((Reuters.Briefs@thomsonreuters.com;))