Puxin Announces Senior Management's Share Purchase Plan
Puxin Limited American Depositary Shares, each representing two Ordinary Shares (NEW)
Company Research
Source: PR Newswire
BEIJING, Nov. 26, 2018 /PRNewswire/ -- Puxin Limited (NYSE: NEW) ("Puxin" or the "Company"), a successful consolidator of the after-school education industry in China, today announced that members of its senior management team, including Mr. Yunlong Sha, Chairman and Chief Executive Officer, and Mr. Peng Wang, Chief Financial Officer, will use their personal funds to purchase the Company's American Depositary Shares on the open market for an aggregate amount up to a maximum of US$10.0 million within the next 6 months, subject to the restrictions of, and compliant with, the applicable laws and regulations and the Company's securities trading policy.Mr. Sha commented, "This share repurchase demonstrates management's confidence in the long-term prospects of our business. We continue to implement our strategy and strongly believe we are ideally positioned to benefit from the further consolidation of China's after-school education industry leveraging our extensive experience in rapidly int
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