Best Inc. announces up to $20M share repurchase program

Best Inc. announced that its board of directors has authorized a share repurchase program, under which Best may repurchase up to $20M worth of its outstanding American Depositary Shares, or ADSs, over the next 12 months. The company’s proposed repurchases may be made from time to time through open market transactions at prevailing market prices, privately negotiated transactions, block trades or any combination thereof, depending on market conditions and the trading price of the company’s ADSs, among other factors, and in accordance with applicable rules and regulations.