ZKH Group ADRs Jump on $50 Mln Buyback

Dow Jones06-14

By Dean Seal

ZKH Group's American depositary receipts rose after the company's board authorized the repurchase of up to $50 million shares over the next year.

The stock was up 12% at $4.61 in premarket trading on Friday. Shares started trading in December and have fallen by three quarters since the start of the year.

The maintenance, repair and operations procurement service platform said after the bell on Thursday that the authorization runs through June 13 of next year.

Write to Dean Seal at dean.seal@wsj.com

(END) Dow Jones Newswires

June 14, 2024 07:05 ET (11:05 GMT)

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Shares started trading in December and have fallen by three quarters since the start of the year. \n</p>\n<p>\n  The maintenance, repair and operations procurement service platform said after the bell on Thursday that the authorization runs through June 13 of next year. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Dean Seal at dean.seal@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  June 14, 2024 07:05 ET (11:05 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ZKH":"震坤行"},"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2443623803","content_text":"By Dean Seal \n\n\n \n\n\n  ZKH Group's American depositary receipts rose after the company's board authorized the repurchase of up to $50 million shares over the next year. \n\n\n  The stock was up 12% at $4.61 in premarket trading on Friday. 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