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Benzinga
Benzinga
Business
Shivani Kumaresan

Baozun Boosts Buyback Adoption By $80M

Baozun BZUN
  • Baozun Inc (NASDAQ:BZUN) Board of Directors has increased the company's share repurchase authorization by $80 million.
  • The increase is in addition to the previously approved $175 million.
  • The company repurchased about 28.4 million shares for $168.2 million from May 2021 to March 24, 2022.
  • This hike in the buyback scheme brings the total remaining authorization to approximately $86.8 million.
  • Baozun held $737.5 million in cash and equivalents as of December 31, 2021.
  • Price Action: BZUN shares are trading lower by 0.49% at $8.08 in premarket on the last check Friday.
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