24/7 Market News Snapshot 21 February, 2025 – NaaS Technology Inc. American Depositary Shares (NASDAQ:NAAS)

February 21, 2025

DENVER, Colo., 21 February, 2025 (247marketnews.com) – (Nasdaq:NAAS) are discussed in this article.
NaaS Technology Inc. has demonstrated considerable momentum in the market, with its American Depositary Shares (Nasdaq:NAAS) experiencing a substantial rise during premarket trading. The shares surged to $1.761, reflecting an impressive increase of 26.69% from the previous day’s closing price of $1.390. This uptick, supported by a trading volume of 2.13 million shares, indicates heightened investor interest and confidence in the company’s strategic direction and market potential.

In addition to this market performance, NaaS Technology has announced a significant share repurchase program sanctioned by its Board of Directors, effective until February 21, 2026. The initiative allows for the repurchase of up to $10 million of its ADSs over the next 12 months. This program is designed to bolster shareholder value while providing the company with flexibility in capital management amid favorable market conditions. The share repurchases may occur through various methods, including open market transactions and private negotiations, reflecting a tailored approach aligned with regulatory guidelines.

As the first U.S.-listed electric vehicle (EV) charging service company, NaaS Technology is committed to innovation and excellence in the evolving EV landscape. A subsidiary of Newlinks Technology Limited, NaaS plays a pivotal role in supporting energy asset owners throughout the lifecycle of energy management, from efficient charging solutions to advanced energy services.

By implementing this repurchase strategy and maintaining a strong focus on technological advancements, NaaS aims to solidify its position within the industry, driving sustainable growth while enhancing market trust and acceptance. The company is poised to lead initiatives in energy transition, ensuring ongoing value for its investors and stakeholders alike.

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