By Connor Hart
Shares of ZW Data Action Technologies rose after the company disclosed two stock-purchase agreements that will raise a combined $500,000.
The stock rose 18% to $2.02 in after-hours trading Tuesday. Shares ended the regular session up 5.2% at $1.72, leaving them down 49% in the last year.
The Chinese company, which offers online advertising, precision marketing and data analytics services, said Eternity Star Development will purchase 119,100 shares of its common stock for $2.10 apiece.
Separately, Chaucer Investment & Consulting will purchase an additional 119,100 shares of its common stock, also for $2.10 each.
Write to Connor Hart at connor.hart@wsj.com
(END) Dow Jones Newswires
January 21, 2025 18:08 ET (23:08 GMT)
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