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<IPO>iQIYI (IQ.US) Confidentially Files for HK IPO w/ Plans to Repurchase Up to USD100M in Shares Over Next 18 Mths
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iQIYI (IQ.US) announced before the US market opening on Monday (30th) that the company has confidentially filed a listing application to the Hong Kong Stock Exchange. On the same day, the company's board of directors approved a share repurchase plan, authorizing the company to repurchase up to USD100 million in shares (including in the form of ADS) over the next 18 months. The share repurchase plan takes effect immediately upon approval. AASTOCKS Financial News Website: www.aastocks.com |
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