BuybackJun 10, 2026, 06:45 AM
Kanzhun Repurchases RMB1.73B YTD; Boosts Program to $400M
AI Summary
Kanzhun Ltd. announced it repurchased 449,046 ordinary shares for over RMB20.3 million on June 9, 2026, bringing the total share repurchases year-to-date in 2026 to over RMB1.73 billion. The company's Board previously approved an increase to its share repurchase program, authorizing up to US$400 million through August 28, 2027. Additionally, Kanzhun committed to allocating no less than 50% of the preceding fiscal year's adjusted net income for dividends and share repurchases for each of the three years starting from 2026.
Key Highlights
- Repurchased 449,046 ordinary shares for over RMB20.3 million on June 9, 2026.
- Total share repurchases year-to-date in 2026 exceed RMB1.73 billion.
- Share repurchase program increased to US$400 million through August 28, 2027.
- Committed to allocating no less than 50% of preceding fiscal year's adjusted net income for dividends/buybacks for 3 years from 2026.
Price Impact
More from BZ