91App, Inc. announces an Equity Buyback for 2,500,000 shares, for TWD 1,765.56 million.
May 03, 2022 at 02:37 am EDT
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91App, Inc. (TPEX:6741) announces a share repurchase program. Under the program, the company will repurchase up to 2,500,000 shares, representing 2.07% of its issued share capital for the total worth of TWD 1,765.56 million. The shares will be repurchased within the price range of TWD 91.5 to TWD 229.5 per share.
The repurchased shares will be transferred to employees. The program will continue through July 3, 2022. As of May 3, 2022, the company has no shares in treasury.
91APP Inc is a Taiwan-based holding company mainly engaged in the development and operation of various software clouds for the new retail environment. The Company is engaged in the development and operation of various software clouds that meet the needs of the new retail environment, and the integration of data and e-commerce value-added services, as well as the provision of one-stop turnkey services for retail brands to start brand e-commerce, including software systems, capital and logistics integration, e-commerce agency operation, digital marketing, big data consultant analysis and other services. The Company is also engaged in the provision of services such as special software functions, system integration, specific implementation and industry knowledge for online-merge-offline (OMO) for physical retail brands.