JD.com To Repurchase Up To $1.0 Bln Of Shares

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(RTTNews.com) - JD.com Inc. ( JD ) said that its board has authorized a share repurchase program under which the company may repurchase up to US$1.0 billion of its shares over the next 12 months.

The company noted that the board of directors will review the share repurchase program periodically, and may authorize adjustment of its terms and size. The company plans to fund repurchases from its existing cash balance.

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This article appears in: Fundamental Analysis , Stocks
Referenced Symbols: JD

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