trending Market Intelligence /marketintelligence/en/news-insights/trending/Dx-tggM1XaVW6lf4KBIcxw2 content esgSubNav
In This List

Yintech Investment to repurchase up to US$30M of American depositary shares

Blog

Banking Essentials Newsletter: July Edition - Part 3

Blog

Banking Essentials Newsletter: July Edition - Part 2

Blog

Anticipate the Unknown Go Beyond Fundamentals to Uncover Early Signs of Private Company Credit Deterioration

Blog

Taking Loss Given Default Estimation to the Next Level: An Aspiration for All Creditors, Not Just Banks


Yintech Investment to repurchase up to US$30M of American depositary shares

Yintech Investment Holdings' board approved a share repurchase program under which the investment company will repurchase up to US$30 million of its outstanding American depositary shares over the next 12 months.

The company said June 2 that the proposed repurchases will be made from time to time on the open market in privately negotiated transactions, block trades or through other means depending on market conditions.

The repurchases are subject to relevant rules under U.S. securities regulations.

The share repurchase program will be funded with Yintech Investment's available cash balance.