Benzinga | Sep 23, 2021 03:50PM EDT

Four Seasons Education Plans $15M Share Buyback Program

* Four Seasons Education (Cayman) Inc (NYSE:FEDU) board of directors has approved a share repurchase of its ordinary shares in the form of ADSs of up to $15.0 million during the next twelve-month period.

* The company plans to fund the repurchase program with available working capital, existing cash balance, or future cash provided by operating activities.

* The company held $63.3 million in cash and equivalents as of February 28, 2021.

* Price Action: FEDU shares are trading higher by 29.3% at $0.75 on the last check Thursday.