Sector Update: Financial Stocks Advance Late Afternoon

MT Newswires04:46

X Financial to Buy Back Shares Worth $48.7 Million From Stockholder

MT NewswiresDec 19 22:15

X Financial (XYF.US) will repurchase 48.7 million dollars of common stock from the Shareholder.

X Financial announced that it will repurchase 6.35 million American depositary shares from its Shareholder at a price of $7.67 per share, equivalent to 38.09 million Class A ordinary shares, with a total repurchase price of approximately $48.7 million.

Zhitong FinanceDec 19 20:25

X Financial Expects to Fund New Buyback Plan Using Existing Cash Balance >XYF

Dow JonesDec 19 19:06

X Financial to Repurchase 6.3M ADSs at $7.67 Each >XYF

Dow JonesDec 19 18:58

X Financial: Entered Buyback Agreement With Major Shareholder on Dec. 16 >XYF

Dow JonesDec 19 18:57