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FANH Buyback image

Fanhua Inc. Buyback

OLI recorded this information on 12/19/2022

Company: Fanhua Inc.
Buyback: FANH buyback
$Amount Authorized: $20,000,000
Buyback Details: Fanhua Inc. ("Fanhua" or the "Company") (Nasdaq: FANH), a leading independent financial services provider in China, today announced that its board of directors has approved a corporate share repurchase program under which the Company may repurchase up to US$20 million of its American depositary shares ("ADSs") from time to time, in such manners as management deems appropriate. The repurchased shares will be used to fund the Company's future acquisitions in relations to the expansion of its open platform.

Fanhua is a holding company. Through its subsidiaries, Co. is an independent insurance intermediary group in the People's Republic of China. Co. provides a range of insurance products underwritten by multiple insurance companies. Co. operates two segments: the insurance agency segment, which mainly consists of providing agency services for distributing life insurance products and property and casualty insurance products on behalf of insurance companies; and the claims adjusting segment, which consists of providing pre-underwriting survey services, claim adjusting services, disposal of residual value services, loading and unloading supervision services, and consulting services.
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FANH — Key Stats (updated 19 hours, 32 minutes ago)
Company Name:  Fanhua Inc
Stock buyback:  FANH buyback
Website:  www.fanhuaholdings.com
Sector:  Insurance Brokers
Number of ETFs Holding FANH:  1
Total Market Value Held by ETFs:  $28697
 

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May 3, 2024  •  6:21 AM Eastern
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Hold (2.00 out of 4)
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