X Financial Discloses $48.7M Share Repurchase
Ticker: XYF · Form: 6-K · Filed: Dec 23, 2024 · CIK: 1725033
| Field | Detail |
|---|---|
| Company | X Financial (XYF) |
| Form Type | 6-K |
| Filed Date | Dec 23, 2024 |
| Risk Level | low |
| Pages | 1 |
| Reading Time | 1 min |
| Key Dollar Amounts | $48.7 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: share-repurchase, supplemental-disclosure
TL;DR
X Financial just confirmed they bought back $48.7M in stock!
AI Summary
X Financial disclosed on December 19, 2024, that it has repurchased approximately US$48.7 million of its shares. This supplemental disclosure provides further details on the share repurchase program previously announced.
Why It Matters
The company's decision to repurchase shares can signal confidence in its valuation and potentially boost shareholder value by reducing the number of outstanding shares.
Risk Assessment
Risk Level: low — This filing is a routine supplemental disclosure regarding a previously announced share repurchase and does not introduce new material risks.
Key Numbers
- US$48.7 million — Share Repurchase Amount (Represents the total value of shares bought back by the company.)
Key Players & Entities
- X Financial (company) — The company making the disclosure.
- US$48.7 million (dollar_amount) — The total value of shares repurchased.
- December 19, 2024 (date) — The date the initial share repurchase was disclosed.
FAQ
What is the purpose of this supplemental disclosure?
This supplemental disclosure provides further details regarding the share repurchase program that was initially disclosed in a press release dated December 19, 2024.
When was the initial share repurchase announcement made?
The initial share repurchase was disclosed in a press release dated December 19, 2024.
What is the total value of shares repurchased?
The company has repurchased approximately US$48.7 million of its shares.
What form is this filing?
This filing is a Form 6-K, Report of Foreign Private Issuer.
Where is X Financial's principal executive office located?
X Financial's principal executive offices are located at 7-8F, Block A, Aerospace Science and Technology Plaza, No. 168, Haide Third Avenue, Nanshan District, Shenzhen, 518067, the People's Republic of China.
Filing Stats: 271 words · 1 min read · ~1 pages · Grade level 15 · Accepted 2024-12-23 17:00:16
Key Financial Figures
- $48.7 million — any hereby further discloses that the US$48.7 million repurchase transaction was with Deal Va
Filing Documents
- tm2431862d1_6k.htm (6-K) — 10KB
- 0001104659-24-131357.txt ( ) — 11KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. X Financial By: /s/ Yue Tang Name: Yue Tang Title: Chairman and Chief Executive Officer Date: December 23, 2024 3