MOGU Board Authorizes To Repurchase Up To $10 Mln Of Shares
(RTTNews) - MOGU, Inc. (MOGU), a KOL-driven online fashion and lifestyle retailer, announced Friday that its board of directors has authorized a new share repurchase program, where the Company is authorized to repurchase up to $10 million of its shares, effective until August 31, 2023.
The Company expects to fund the repurchases under this program with its existing cash balance.
The Company's board of directors will review the share repurchase program periodically, and may authorize adjustment of its terms and size.
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Australian Market Significantly Lower
The Australian stock market is currently trading significantly lower on Monday, extending the losses in the previous two sessions, following the broadly negative cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is falling to near the 8,200.00 level, with weakness in financial and technology stocks, partially offset by gains in mining and energy stocks amid spiking commodity prices.
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hace 5h 3min
Hong Kong Shares Tipped To Open To The Downside
The Hong Kong stock market has finished lower in five straight sessions, retreating more than 700 points or 3.7 percent along the way. The Hang Seng Index now sits just above the 19,060-point plateau and it's expected to extend its misery when it opens on Monday.
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hace 5h 11min
Lower Open Anticipated For China Stock Market
The China stock market has moved lower in two straight sessions, slumping more than 60 points or 2 percent in that span. The Shanghai Composite Index now sits just beneath the 3,170-point plateau and it's expected to see continued consolidation again on Monday.
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hace 5h 26min
Taiwan Shares Likely To Start Under Water On Monday
The Taiwan stock market has moved lower in three straight sessions, dropping almost 650 points or 2.7 percent along the way. The Taiwan Stock Exchange now sits just above the 23,010-point plateau and it's got another soft lead for Monday's trade.
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hace 5h 56min
Losing Streak May Continue For Singapore Stock Market
The Singapore stock market has finished lower in back-to-back sessions, giving away more than 85 points or 2.2 percent along the way. The Straits Tines Index now rests just above the 3,800-point plateau and it may take further damage again on Monday.
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hace 6h 26min
Malaysia Bourse May Give Up Support At 1,600 Points
The Malaysia stock market on Friday ended the two-day losing streak in which it had dropped almost 30 points or 1.9 percent. The Kuala Lumpur Composite Index now rests just above the 1,600-point plateau although it's tipped to open under pressure again on Monday.
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hace 6h 56min
Continued Consolidation Called For South Korea Shares
The South Korea stock market on Friday wrote a finish to the five-day winning streak in which it had surged more than 120 points or 4.8 percent. The KOSPI now sits just above the 2,515-point plateau and the losses may accelerate on Monday.
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hace 7h 26min
China Trade Data Due On Monday
China will on Monday release December figures for imports, exports and trade balance, highlighting a light day for Asia-Pacific economic activity.
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hace 8h 26min
