China Automotive Systems Announces Share Repurchase Program Up To $5 Million
China Automotive Systems, Inc. (CAAS)
Last china automotive systems, inc. earnings: 11/12 06:00 am
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caasauto.com
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Source: PR Newswire
WUHAN, China, Nov. 18, 2024 /PRNewswire/ -- 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.Mr. Hanlin Chen, chairman of CAAS, commented, "Our current stock valuation does not reflect our consistent profitable sales growth, cash flow generation, advances in technology and global market position. In the past 20 years, our products hav
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News
- China Automotive Systems Announces Share Repurchase Program Up To $5 Million [Yahoo! Finance]Yahoo! Finance
- China Automotive Systems Third Quarter 2024 Earnings: EPS: US$0.18 (vs US$0.31 in 3Q 2023) [Yahoo! Finance]Yahoo! Finance
- China Automotive Systems Reports Sales Increased by 19.4% in the Third Quarter of 2024PR Newswire
- China Automotive Systems to Announce Unaudited 2024 Third Quarter Financial Results on November 13, 2024PR Newswire
- China Automotive Systems: Revenue And Profitability Growth Not Converting To Cash Flows [Seeking Alpha]Seeking Alpha
CAAS
Sec Filings
- 11/13/24 - Form 8-K
- 11/13/24 - Form 10-Q
- 9/25/24 - Form 8-K
- CAAS's page on the SEC website