SUI Group: The board has authorized the launch of a new $50 million stock buyback program
Foresight News reported that Nasdaq-listed SUI treasury company SUI Group announced that it has completed its previously authorized $2 million stock repurchase program. At the same time, the board of directors has also authorized a new stock repurchase program, under which the company may repurchase up to an additional $50 million of its common stock, which can be conducted through open market repurchases, negotiated transactions, or a combination of other methods. According to previous filings disclosed by the U.S. Securities and Exchange Commission, SUI Group increased its holdings by 20 million SUI last week, bringing its total holdings to 101,795,656 SUI.
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