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Yiren Digital Says Ning Tang, Executive Chairman And CEO, Is Subject To Criminal Compulsory Measures; Investigation May Impair Ning Tang's Ability To Perform CEO And Chairman Duties; Board And Management To Oversee Operations And Implement Contingency Plans; Has Not Received Official Notice Regarding Investigation
Yiren Digital Ltd. (NYSE:YRD) ("Yiren Digital" or the "Company"), a leading company specializing in financial technology and artificial intelligence innovation across multiple industries in China and
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Why is Yiren Digital Stock Surging Wednesday?
Yiren Digital shares surge 49% as it says an investigation is unrelated to operations, cites $250M cash, buyback plan and names an acting CEO
Yiren Digital shares are trading higher as the company reaffirmed its $20 million share buyback program and highlighted a strong cash position of $250 million.
Yiren Digital Issues Update On Developments Concerning Affiliates Of Its Controlling Shareholder; Investigation Relates To Business Activities Outside The Company And Is Not Directly Related To Its Business Operations; Reaffirms Intention To Continue Its Previously Announced Share Repurchase Program
Yiren Digital Ltd. (NYSE:YRD) ("Yiren Digital" or the "Company"), a leading company specializing in financial technology and artificial intelligence innovation across multiple industries in China and