Shares are currently .88 and look to be rising on news of an approval of a up to 200 million dollars share buyback program. This is a NY listed Chinees company.
Qudian Inc. Announces up to US$200 Million Share Repurchase Program
XIAMEN, China, June 14, 2022 /PRNewswire/ — Qudian Inc. (“Qudian” or “the Company” or “We”) (NYSE: QD), a consumer-oriented technology company in China, today announced that its board of directors has authorized a share repurchase program under which the Company may repurchase up to US$200 million worth of its outstanding (i) American depositary shares (“ADSs”), each representing one Class A ordinary share, and/or (ii) Class A ordinary shares over the next 24 months starting from June 13, 2022.