KE Holdings Inc. Announces Upsizing and Extension of Share Repurchase Program
12 Agosto 2024 - 12:10PM
KE Holdings Inc. (“
Beike” or the
“
Company”) (NYSE: BEKE and HKEX: 2423), a leading
integrated online and offline platform for housing transactions and
services, today announced that its board of directors has approved
the upsizing and extension of its share repurchase program.
As previously disclosed, the Company established
a share repurchase program in August 2022 and upsized and extended
it in August 2023, under which the Company may purchase up to
US$2.0 billion of its Class A ordinary shares and/or American
depositary shares (“ADSs”) until August 31, 2024
(the “Existing Share Repurchase Program”). As of
the date of this press release, the Company in aggregate has
purchased approximately 95.0 million ADSs (representing
approximately 285.0 million Class A ordinary shares) on the New
York Stock Exchange with a total consideration of approximately
US$1,389.8 million under the Existing Share Repurchase Program
since its launch.
On August 12, 2024, the Company’s board of
directors approved modifications to the Existing Share Repurchase
Program, pursuant to which the repurchase authorization has been
further increased from US$2.0 billion to US$3.0 billion of its
Class A ordinary shares and/or ADSs and extended until August 31,
2025 (the “Extended Share Repurchase Program”). In
the annual general meeting (the “AGM”) held on
June 14, 2024, the shareholders of the Company have approved to
grant the board of directors a general unconditional mandate to
purchase the Company’s own shares (the “2024 Share
Repurchase Mandate”) which covers the repurchases under
the Extended Share Repurchase Program until the conclusion of the
next AGM of the Company. After the expiry of the 2024 Share
Repurchase Mandate, the Company will seek for another general
unconditional mandate for repurchase from the shareholders of the
Company at the next AGM to continue its share repurchase under the
Extended Share Repurchase Program.
About KE Holdings Inc.
KE Holdings Inc. is a leading integrated online
and offline platform for housing transactions and services. The
Company is a pioneer in building infrastructure and standards to
reinvent how service providers and customers efficiently navigate
and complete housing transactions and services in China, ranging
from existing and new home sales, home rentals, to home renovation
and furnishing, and other services. The Company owns and operates
Lianjia, China’s leading real estate brokerage brand and an
integral part of its Beike platform. With more than 22 years of
operating experience through Lianjia since its inception in 2001,
the Company believes the success and proven track record of Lianjia
pave the way for it to build its infrastructure and standards and
drive the rapid and sustainable growth of Beike.
Safe Harbor Statement
This press release contains statements that may
constitute “forward-looking” statements pursuant to the “safe
harbor” provisions of the U.S. Private Securities Litigation Reform
Act of 1995. These forward-looking statements can be identified by
terminology such as “will,” “expects,” “anticipates,” “aims,”
“future,” “intends,” “plans,” “believes,” “estimates,” “likely to,”
and similar statements. Beike may also make written or oral
forward-looking statements in its periodic reports to the U.S.
Securities and Exchange Commission (the “SEC”) and
The Stock Exchange of Hong Kong Limited (the “Hong Kong
Stock Exchange”), in its annual report to shareholders, in
press releases and other written materials and in oral statements
made by its officers, directors or employees to third parties.
Statements that are not historical facts, including statements
about KE Holdings Inc.’s beliefs, plans, and expectations, are
forward-looking statements. Forward-looking statements involve
inherent risks and uncertainties. A number of factors could cause
actual results to differ materially from those contained in any
forward-looking statement, including but not limited to the
following: Beike’s goals and strategies; Beike’s future business
development, financial condition and results of operations;
expected changes in the Company’s revenues, costs or expenditures;
Beike’s ability to empower services and facilitate transactions on
Beike platform; competition in the industry in which Beike
operates; relevant government policies and regulations relating to
the industry; Beike’s ability to protect the Company’s systems and
infrastructures from cyber-attacks; Beike’s dependence on the
integrity of brokerage brands, stores and agents on the Company’s
platform; general economic and business conditions in China and
globally; and assumptions underlying or related to any of the
foregoing. Further information regarding these and other risks is
included in KE Holdings Inc.’s filings with the SEC and the Hong
Kong Stock Exchange. All information provided in this press release
is as of the date of this press release, and KE Holdings Inc. does
not undertake any obligation to update any forward-looking
statement, except as required under applicable law.
For investor and media inquiries, please
contact:
In China:KE Holdings Inc.Investor
RelationsSiting LiE-mail: ir@ke.com
Piacente Financial Communications Jenny CaiTel:
+86-10-6508-0677E-mail: ke@tpg-ir.com
In the United States:Piacente Financial
Communications Brandi PiacenteTel: +1-212-481-2050E-mail:
ke@tpg-ir.com
Source: KE Holdings Inc.
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