Four Seasons Education Announces Board Authorization to Repurchase up to US$15 Million of its ADSs
Four Seasons Education (Cayman) Inc. American Depositary Shares, each ADS representing 10 ordinary shares (FEDU)
Last four seasons education (cayman) inc. american depositary shares, each ads representing 10 ordinary shares earnings: 1/28 07:00 am
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Source: PR Newswire
SHANGHAI, April 15, 2019 /PRNewswire/ -- Four Seasons Education (Cayman) Inc. ("Four Seasons Education" or the "Company") (NYSE: FEDU), a leading after-school math education service provider for elementary school students in Shanghai, today announced that effective April 15, 2019, the board of directors of the Company (the "Board") approved a share repurchase program whereby Four Seasons Education is authorized to repurchase its own ordinary shares in the form of American depositary shares ("ADS") with an aggregate value of up to US$15 million during the next twelve-month period. The Company plans to fund the repurchase program out of its available working capital, existing cash balance or future cash provided by operating activities.Mr. Peiqing Tian, Chairman and Chief Executive Officer of Four Seasons Education, commented, "As we continue to cultivate the after-school education market in Shanghai and nationwide, we remain committed to delivering value to our shareholders. With our
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