BuybackJul 1, 2026, 06:46 AM
Kanzhun Increases Buyback Authorization to $400M; Repurchases RMB2.06B
AI Summary
Kanzhun Ltd. announced the continued execution of its share repurchase program, utilizing nearly RMB20 million to repurchase 464,814 ordinary shares on June 30, 2026. This brings the total repurchases in the first half of 2026 to over RMB2.06 billion. The company's Board approved an increase in the total authorization to repurchase up to $400 million of shares through August 28, 2027, and committed to allocating no less than 50% of its adjusted net income for dividends and share repurchases starting from 2026.
Key Highlights
- Repurchased RMB20 million for 464,814 shares on June 30, 2026.
- Total share repurchases exceeded RMB2.06 billion in H1 2026.
- Increased buyback authorization to up to $400 million.
- Extended buyback program through August 28, 2027.
- Will allocate no less than 50% of adjusted net income for dividends/buybacks from 2026.
Price Impact
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