Meituan-W plans to repurchase Class B common shares with a total amount not exceeding USD 1 billion
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Meituan-W announced that it will repurchase Class B common shares with a total amount not exceeding USD 1 billion based on the authorization of the shareholders' meeting. The board also plans to cancel the existing 115.8 million treasury shares of the company, believing that this move can demonstrate the company's confidence in the future and create value for shareholders. At the same time, the company stated that its financial resources are sufficient to support this share repurchase plan
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