Jiuzi reports $210,000 gains from DCIP investment, approves $100,000 buyback
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Jiuzi Holdings (NASDAQ: JZXN) reported $210,000 in gains from its investment in AetheriumX’s DCIP and approved a $100,000 share buyback funded by these profits. The buyback aligns with the company's strategy to enhance its balance sheet and operational flexibility. CEO Hongye Zhang emphasized the importance of capital recycling and digital asset reallocation. The stock rose 12.71% in premarket trading to $1.02.
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