SUI Group: The board has authorized the initiation of a new $50 million stock repurchase program

ChainCatcher news, SUI Group, a company listed on NASDAQ, announced that it has completed the previously authorized $2 million stock repurchase plan. At the same time, the board has authorized a new stock repurchase plan to repurchase up to an additional $50 million of the company's common stock, which can be conducted through open market repurchases, negotiated transactions, or a combination of other methods. According to previously disclosed documents by the U.S. Securities and Exchange Commission, SUI Group has increased its holdings by 20 million SUI last week, bringing its total holdings to 101,795,656 SUI.