Welcome to our dedicated page for Santech Holdings American Depositary Shares news (Ticker: STEC), a resource for investors and traders seeking the latest updates and insights on Santech Holdings American Depositary Shares stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Santech Holdings American Depositary Shares's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Santech Holdings American Depositary Shares's position in the market.
Santech Holdings (NASDAQ: STEC) has announced a new share repurchase program authorized by its board of directors. The program allows the company to repurchase up to US$5 million worth of its outstanding American Depositary Shares (ADSs) over the next 12 months, starting from August 26, 2024.
The repurchases may be made on the open market, through private transactions, block trades, or other legal means. The company will adhere to applicable rules and regulations, including Rule 10b5-1 and Rule 10b-18 under the U.S. Securities Exchange Act of 1934. Santech plans to fund the repurchases from its existing cash balance. The board will review the program periodically and may adjust its terms and size as needed.
Santech Holdings (NASDAQ: STEC), a consumer-focused technology company in China, announced changes to its Board of Directors. Mr. Vincent Chun Hung Chan has resigned as an independent director, effective immediately, citing personal reasons. The company emphasized that Chan's resignation was not due to any disagreements regarding business operations, financial reporting, controls, policies, or practices.
Following Chan's departure, the Board will consist of four members: Mr. HAN Hongwei, Ms. WANG Dian (CEO), and two independent directors, Mr. Joel A. GALLO and Ms. CHEN Jie. Madame Wang Dian expressed gratitude for Chan's contributions and wished him success in future endeavors.
Santech Holdings (NASDAQ: STEC), formerly known as Hywin Holdings, announced the results of its extraordinary general meeting held on July 17, 2024, in Hong Kong. Shareholders approved significant resolutions including:
- Changing the company's name to Santech Holdings and adopting the Chinese name 三合智能控股有限公司.
- Amending and restating the Company's memorandum and articles of association to reflect the name change, adjustments in director appointment and removal approvals, and the exemption from holding an annual general meeting every year.
- Authorizing any one director to execute necessary documents for implementing these changes.
Additionally, the Company announced the change of its ticker symbol from HYW to STEC.
FAQ
What is the current stock price of Santech Holdings American Depositary Shares (STEC)?
What is the market cap of Santech Holdings American Depositary Shares (STEC)?
