Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. United States
  4. Nyse
  5. MOGU Inc.
  6. News
  7. Summary
    MOGU   US6080121006

MOGU INC.

(MOGU)
  Report
Delayed Quote. Delayed Nyse - 10/22 04:10:00 pm
0.95 USD   -8.65%
10/20Asian ADRs Nudge Higher in Wednesday Trading
MT
10/19Asian ADRs Climb Higher in Tuesday Trading
MT
10/06Asian ADRs Move Lower in Wednesday Trading
MT
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

MOGU Inc. : Announces US$10 Million Share Repurchase Program

08/27/2021 | 05:06am EDT

MOGU Inc. (NYSE: MOGU) (“MOGU” or the “Company”), a leading KOL-driven online fashion and lifestyle destination in China, today announced that its board of directors has authorized a new share repurchase program, where the Company is authorized to repurchase up to US$10 million of its shares, effective until August 26, 2022. The Company expects to fund the repurchases under this program with its existing cash balance.

"The announcement of this new repurchase program reflects our continued confidence in our long-term business growth prospects,” commented Mr. Shark Chen Qi, Chairman and Chief Executive Officer of MOGU. “As we have successfully transformed the business to becoming a pure-play Live Video Broadcasting e-commerce company, we are now in a stronger capacity to effectively service both our brand partners and KOL’s moving forward. We have a positive outlook on the future of the business, and believe that our strategy and strong execution capabilities will continue to create long-term shareholder value.”

The Company’s proposed repurchases may be made from time to time on the open market at prevailing market prices, in privately negotiated transactions, in block trades and/or through other legally permissible means, depending on market conditions and in accordance with applicable rules and regulations. The Company’s board of directors will review the share repurchase program periodically, and may authorize adjustment of its terms and size.

About MOGU Inc.

MOGU Inc. (NYSE: MOGU) is a leading KOL-driven online fashion and lifestyle destination in China. MOGU provides people with a more accessible and enjoyable shopping experience for everyday fashion, particularly as they increasingly live their lives online. By connecting merchants, KOLs and users together, MOGU’s platform serves as a valuable marketing channel for merchants, a powerful incubator for KOLs, and a vibrant and dynamic community for people to discover and share the latest fashion trends with others, where users can enjoy a truly comprehensive online shopping experience.

For more information on MOGU, please visit: http://ir.mogu-inc.com.

Safe Harbor Statement

This announcement contains forward-looking statements. These statements are made under 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,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. MOGU may also make written or oral forward-looking statements in its filings with the U.S. Securities and Exchange Commission (the “SEC”), 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 MOGU’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. Further information regarding these and other risks is included in our annual report on Form 20-F, the 6-K and other documents filed with the SEC. All information provided in this press release is as of the date of this press release, and MOGU does not undertake any obligation to update any forward-looking statement, except as required under applicable law.


ę Business Wire 2021
All news about MOGU INC.
10/20Asian ADRs Nudge Higher in Wednesday Trading
MT
10/19Asian ADRs Climb Higher in Tuesday Trading
MT
10/06Asian ADRs Move Lower in Wednesday Trading
MT
09/29Asian ADRs Slightly Higher Wednesday
MT
09/20MOGU INC.(NYSE : MOGU) dropped from S&P Global BMI Index
CI
09/16Asian ADRs Move Lower in Thursday Trading
MT
09/12MOGU Inc.’s Equity Buyback announced on September 14, 2020, has expired.
CI
08/27MOGU : Announces US$10 Million Share Repurchase Program (Form 6-K)
PU
08/27MOGU : Announces First Quarter Fiscal Year 2022 Unaudited Financial Results (Form 6-K)
PU
08/27Asian ADRs Move Higher in Friday Trading
MT
More news
Analyst Recommendations on MOGU INC.
More recommendations
Financials
Sales 2022 605 M 94,7 M 94,7 M
Net income 2022 -121 M -18,9 M -18,9 M
Net Debt 2022 - - -
P/E ratio 2022 -
Yield 2022 -
Capitalization 611 M 95,7 M 95,6 M
Capi. / Sales 2022 1,01x
Capi. / Sales 2023 0,81x
Nbr of Employees 605
Free-Float 73,3%
Chart MOGU INC.
Duration : Period :
MOGU Inc. Technical Analysis Chart | MOGU | US6080121006 | MarketScreener
Technical analysis trends MOGU INC.
Short TermMid-TermLong Term
TrendsBearishNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 1
Last Close Price 6,06 CNY
Average target price 15,62 CNY
Spread / Average Target 158%
EPS Revisions
Managers and Directors
Qi Chen Chairman & Chief Executive Officer
Xu Qiang Yue Chief Operating Officer & Director
Andrew Hong Teoh Independent Director
Sheng Wen Rong Independent Director
Yi Bo Wei Director
Sector and Competitors
1st jan.Capi. (M$)
MOGU INC.-56.22%96
ALIBABA GROUP HOLDING LIMITED-23.65%481 729
MEITUAN-1.83%228 199
SHOPIFY INC.25.96%178 476
PINDUODUO INC.-44.25%124 138
MERCADOLIBRE, INC.-10.23%74 755