Baozun Announces Repurchase of Approximately US$166.3 Million of 1.625% Convertible Senior Notes due 2024
Baozun has repurchased approximately US$166.3 million of its 1.625% Convertible Senior Notes due 2024, reducing the outstanding amount to US$108.7 million.
This strategic move aims to enhance financial flexibility and may positively impact shareholder value. The company remains committed to its leadership position in China's e-commerce sector by leveraging its comprehensive service capabilities.
- Repurchase of US$166.3 million in Convertible Senior Notes improves financial flexibility.
- Remaining US$108.7 million outstanding may lead to reduced future interest expenses.
- None.
SHANGHAI, China, March 22, 2022 (GLOBE NEWSWIRE) -- Baozun Inc. (Nasdaq: BZUN and HKEX: 9991) (“Baozun” or the “Company”), the leading brand e-commerce service partner that helps brands execute their e-commerce strategies in China, today announced that it has repurchased approximately US
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About Baozun Inc.
Baozun Inc. is the leader and a pioneer in the brand e-commerce service industry in China. Baozun empowers a broad and diverse range of brands to grow and succeed by leveraging its end-to-end e-commerce service capabilities, omni-channel coverage and technology-driven solutions. Its integrated one-stop solutions address all core aspects of the e-commerce operations covering IT solutions, online store operations, digital marketing, customer services, and warehousing and fulfillment.
For more information, please visit http://ir.baozun.com.
For investor and media inquiries, please contact:
Baozun Inc.
Ms. Wendy Sun
Email: ir@baozun.com
FAQ
What is the significance of the recent buyback by Baozun (BZUN)?
What amount of Convertible Senior Notes remains after the buyback by Baozun (BZUN)?
How does the buyback affect Baozun's (BZUN) financial position?
