China Automotive Systems Board Approved A Share Buyback Program Of Upto $5M Shares Over Next 12 Months
China Automotive Systems Board Approved A Share Buyback Program Of Upto $5M Shares Over Next 12 Months
China Automotive Systems, Inc. (NASDAQ:CAAS) ("CAAS" or the "Company"), a leading power steering components and systems supplier in China, today announced that its board of directors approved a share repurchase program of up to $5 million of its outstanding common shares periodically over the next 12 months. Repurchases will be made in open market transactions, at prevailing market prices not to exceed $5.50 per share through November 15, 2025, subject to applicable laws, regulations and approvals. The timing of the share repurchases will depend on a variety of factors, including market conditions. Members of the management team may make additional share purchases in addition to the Company repurchase.
中国汽车系统公司（纳斯达克：CAAS）（"CAAS"或"公司"），是中国领先的动力转向元件和系统供应商，今天宣布其董事会批准了一项最多为500万美元的股票回购计划，将在接下来的12个月内定期回购其流通中的普通股。回购将通过公开市场交易进行，价格不得超过每股5.50美元，截止日期为2025年11月15日，具体需遵循适用的法律、法规和批准。股票回购的时机将取决于多种因素，包括市场条件。管理团队的成员可能会在公司回购的基础上进行额外的股票购买。
