Yunji Inc: Rises on $20 mln share buyback program

Yunji

28/08/2019 16:35

** Chinese e-commerce company's shares  YJ.O  up 10.74% at
$6.70 after four straight sessions of decline
    ** Company says may repurchase up to $20 mln of its shares
over the next six months  urn:newsml:reuters.com:*:nGNX2MXZ4C
    ** More than 155,312 shares traded, 2.6x 25-day moving avg
    ** Despite session's gains, stock has lost ~39% in value
from its IPO price of $11

 (Reporting by Ayanti Bera in Bengaluru)
 ((Ayanti.Bera@thomsonreuters.com; within U.S.+1 646 223 8780,
outside U.S. +91 80 6749 0341;))