Mobile games developer Huuuge Inc plans to launch an up to $150 million share buyback this quarter following a review of strategic options, it said late on Wednesday, sending the stock sharply higher at the market opening.U.S.-registered Huuuge, which debuted in Warsaw in 2021, launched the review of str
Mobile games developer Huuuge Inc plans to launch an up to $150 million share buyback this quarter following a review of strategic options, it said late on Wednesday, sending the stock sharply higher at the market opening.
It said could still postpone or cancel the new buyback depending on market conditions and the company's circumstances.Huuuge said in a statement it had concluded its"optimal strategy at this time" was to remain a publicly-listed company and that continued focus on the current strategy was in the best interests of the company and its stock-holders.
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