Jia Nan Technology Authorizes Monetization of Digital Assets for Share Buyback
Prefer us on GoogleJia Nan Technology announced that it has authorized management to monetize part of its digital assets for the ADS buyback under the existing share repurchase plan. The company stated that its current market value has fallen below the total value of digital assets and cash disclosed as of March 31. As of August 3, the estimated value of its digital asset holdings is approximately $130 million. The buyback will depend on stock prices, market conditions, and working capital needs, and the specific amount to be monetized and the scale of the buyback have not yet been disclosed.
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