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FG Nexus Inc. Initiates $200 Million Share Repurchase Program Below Net Asset Value
FG Nexus Inc., listed on NASDAQ, has announced a $200 million share repurchase program buying back shares below its estimated net asset value of $5.10 per share. The CEO expresses confidence in the company's strategy and commitment to enhancing shareholder value, with the program following Rule 10b-18 guidelines and allowing purchases of up to 25 percent of daily trading volume while the stock is below $5. Adjustments or suspensions may occur based on market conditions.
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By NewsRampFG Nexus Inc., listed on NASDAQ, has announced a $200 million share repurchase program buying back shares below its estimated net asset value of $5.10 per share. The CEO expresses confidence in the company's strategy and commitment to enhancing shareholder value, with the program following Rule 10b-18 guidelines and allowing purchases of up to 25 percent of daily trading volume while the stock is below $5. Adjustments or suspensions may occur based on market conditions.