Renault launches stock buyback plan, the latest move aims to prolong the privatization process.

According to sources familiar with the matter and documents obtained by Bloomberg, the financial technology company Renote Limited is quietly advancing a series of transaction designs that will allow the company to extend its privatization status while maintaining strict control over the shareholder registry. Sources revealed that in recent weeks, Renote has initiated a tender offer, ultimately aiming to repurchase up to 10% of the company's shares from qualifying investors. Due to the confidential nature of the discussions, these sources have requested anonymity and indicated that the tender offer will be prioritized for early investors. In addition to the buyback plan mentioned above, Renote also launched a secondary stock sale transaction on Monday, allowing existing employees to sell up to 20% of their personal holdings to new and existing investors. Furthermore, the company is also in talks with institutions such as Green Oak Capital for a new round of financing.