BEST Inc. American Depositary Shares, each representing one Class A Ordinary Share (BEST) Company Bio
BEST Inc. offers logistics and supply chain management solutions. The Company provides express and freight delivery, inventory management, warehousing, financing, cross-border supply chain, merchandise sourcing, and value-added services. BEST serves customers worldwide. The company is based in Hangzhou, China.
HANGZHOU, China, Nov. 13, 2019 /PRNewswire/ -- BEST Inc. (BEST) ("BEST" or the "Company"), a leading integrated smart supply chain solutions and logistics services provider in China, today announced that the board of directors of the Company has authorized a share repurchase program whereby BEST may repurchase up to US$100 million worth of its outstanding American depositary shares ("ADSs") from time to time during the next 18 months. Mr. Johnny Chou, Chairman and Chief Executive Officer of BEST, commented, "This share repurchase program demonstrates our confidence in BEST's long-term business prospect and ability to deliver sustainable growth and solid operating fundamentals.
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