BEIJING, Nov. 29, 2024 (GLOBE NEWSWIRE) — KANZHUN LIMITED (BOSS Zhipin or the Firm), a number one on-line recruitment platform in China, right this moment introduced that it has repurchased greater than 6.2 million extraordinary shares in November, valued at greater than RMB300 million. 12 months-to-date, the Firm has purchased again roughly 28.2 million extraordinary shares, amounting to greater than RMB1.4 billion (USD200 million), representing 3% of complete share capital.
The Firm introduced a brand new share repurchase program efficient from August 29, 2024 for a 12-month interval, below which the Firm may also repurchase as much as USD150 million of its shares (together with within the type of American depositary shares). This new share repurchase program operates together with the present share repurchase program that grew to become efficient on March 20, 2024, additionally for a 12-month interval, below which the Firm might repurchase as much as USD200 million of its shares (together with within the type of ADSs).
As of right this moment, the Firm had totally utilized the USD200 million below the prior program and can now proceed with share repurchases below the USD150 million program. These repurchase efforts underscore the administration’s sturdy confidence within the Firm’s long-term progress and improvement.
BOSS Zhipin, based in 2014, is the most important on-line recruitment platform in China and a pioneer in introducing a next-generation Direct Recruitment Mannequin, which is remodeling China’s on-line recruitment trade. This revolutionary, mobile-native product facilitates instantaneous, direct communication between recruiters and job seekers, guaranteeing correct matching outcomes by means of its proprietary advice algorithms powered by superior huge information and market insights. BOSS Zhipin’s enterprise mannequin highlights its sturdy profitability, distinctive progress potential, and main market place.
Kanzhun Restricted Contact:Investor [email protected]
Supply: Kanzhun Restricted
