KE Holdings Inc. Announces Upsizing and Extension of Share Repurchase Program and a Special Cash Dividend
BEIJING, Aug. 31, 2023 (GLOBE NEWSWIRE) -- KE Holdings Inc. (“Beike” or the “Company”) (NYSE: BEKE and HKEX: 2423), a leading integrated online and offline platform for housing transactions and services, today announced that its board of directors has approved the upsizing and extension of its share repurchase program and the declaration of a special cash dividend.
- BEIJING, Aug. 31, 2023 (GLOBE NEWSWIRE) -- KE Holdings Inc. (“Beike” or the “Company”) (NYSE: BEKE and HKEX: 2423), a leading integrated online and offline platform for housing transactions and services, today announced that its board of directors has approved the upsizing and extension of its share repurchase program and the declaration of a special cash dividend.
- As previously disclosed, in August 2022, the Company established a share repurchase program under which the Company may purchase up to US$1 billion of its Class A ordinary shares and/or ADSs over a 12-month period.
- From the launch of the share repurchase program in September 2022 to August 2023, the Company in aggregate purchased approximately 41.0 million American depositary shares (“ADSs”) in the open market at a total consideration of approximately US$605.0 million pursuant to the share repurchase program.
- After the expiry of the 2023 Share Repurchase Mandate, the Company will seek for another general unconditional mandate for repurchase from the shareholders of the Company at the next AGM to continue its share repurchase under the Extended Share Repurchase Program.