Kanzhun's Share Buybacks Top RMB500 Million Year-to-Date, Continues Program Execution
Summary
Kanzhun Ltd (BOSS Zhipin) announced it has continued its share repurchase program, with year-to-date repurchases in 2026 now exceeding RMB500 million (approximately US$69 million). This includes the repurchase of 506,252 ordinary shares for RMB23.6 million on March 26. This follows the company's March 18 announcement to extend and upsize its share repurchase program to US$400 million through August 2027, and a March 25 update reporting nearly RMB450 million in repurchases. The consistent execution of the buyback program, especially as the stock trades near its 52-week low, signals management's confidence and commitment to shareholder returns, potentially providing support for the stock price. Traders will continue to monitor the pace and total amount of future repurchases under the ongoing program.
At the time of this announcement, BZ was trading at $13.55 on NASDAQ in the Technology sector, with a market capitalization of approximately $6.5B. The 52-week trading range was $13.06 to $25.26. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: GlobeNewswire.