Financial services provider, Jianpu Technology Inc. (JT), Wednesday announced a program to repurchase its American depositary shares or ordinary shares worth up to $3 million, over the next 12 months.
The China-based company also said that its co-founders - CEO Daqing Ye and Director Jiayan Lu will use their personal resources to purchase up to $350,000 worth ADS or common shares through the program.
Following the announcement, Jianpu's shares are surging 11.47 percent, to $0.42 in the pre-market on the New York Stock Exchange.
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