Qudian Inc. (NYSE:QD) announces an Equity Buyback for $500 million worth of its shares.
January 16, 2020 at 06:00 am EST
Qudian Inc. (NYSE:QD) announces a share repurchase program. Under the program, the company will repurchase up to $500 million worth of its outstanding American Depositary Shares and/or class A ordinary shares. The program will be funded from Qudian's existing cash and cash equivalents or future cash provided by operating activities. The share repurchase program will be valid for next 30 months.