BitTorrent clients

Xunlei Announces $20 million Share Buyback Program

Retrieved on: 
Monday, June 29, 2020
BitTorrent clients, Adware, Malware, Peer-to-peer computing, Xunlei, Software, Buyback, Share repurchase, Repurchase agreement, World Wide Web, Computing

SHENZHEN, China, June 29, 2020 (GLOBE NEWSWIRE) -- Xunlei Limited (Xunlei or the Company) (Nasdaq: XNET), a leading innovator of shared cloud computing and blockchain technology in China, today announced that the board of directors of the Company has approved a plan under which the Company may repurchase up to $20 million of its shares over the next 12 months (the Share Buyback Program).

Key Points: 
  • SHENZHEN, China, June 29, 2020 (GLOBE NEWSWIRE) -- Xunlei Limited (Xunlei or the Company) (Nasdaq: XNET), a leading innovator of shared cloud computing and blockchain technology in China, today announced that the board of directors of the Company has approved a plan under which the Company may repurchase up to $20 million of its shares over the next 12 months (the Share Buyback Program).
  • The board will review the share repurchase program periodically and, if needed, adjust its size and terms.
  • As of March 31, 2020, the Company had cash, cash equivalent and short-term investments of approximately $255.7 million, and the balance of bank borrowings was about $11.2 million.
  • Mr. Jinbo Li, the chairman and the chief executive officer of Xunlei, stated that, After reviewing the financial conditions of the Company and expected capital expenditure plan for the coming quarters, the board of directors of Xunlei approved this Share Buyback Program as one of the corporate initiatives to be taken this year to enhance shareholder value.

Xunlei Announces Changes in Board of Directors and Management

Retrieved on: 
Thursday, April 2, 2020
Adware, BitTorrent clients, Malware, Peer-to-peer computing, Xunlei, Software, Business, Articles

Mr. Li left Xunlei in January 2010 and acted as the chief executive officers of two internet ventures from 2010 to 2014.

Key Points: 
  • Mr. Li left Xunlei in January 2010 and acted as the chief executive officers of two internet ventures from 2010 to 2014.
  • Mr. Li rejoined Xunlei as the chairman of the board of directors and its chief executive officer today.
  • Mr. Jinbo Li, the chairman and the chief executive officer of Xunlei, stated that, Id like to thank the board of directors of Xunlei for their trust and support.
  • From April 2008 to April 2015, Mr. Duan served various management positions at Xunlei including vice president and the chief executive officer of a major subsidiary of Xunlei.