06:26 AM EST, 02/21/2025 (MT Newswires) -- NaaS Technology ( NAAS ) said Friday it has launched a $10 million share repurchase program, effective immediately for the next 12 months.

Under the terms of the authorization, the Chinese company may repurchase up to $10 million worth of its American depositary shares.

Shares of the company were up over 32% in recent premarket activity.

Price: 1.84, Change: +0.45, Percent Change: +32.37