Kandi Technologies Announces Share Buyback of Up to $20 Million
Kandi Technologies Group, Inc. - Ordinary Shares (KNDI)
US:NASDAQ Investor Relations:
en.kandivehicle.com/investornews.aspx?classid=3
Company Research
Source: GlobeNewswire
JINHUA, China, May 14, 2019 (GLOBE NEWSWIRE) -- Kandi Technologies Group, Inc. (NASDAQ GS: KNDI) (the "Company" or "Kandi") today announced that its Board of Director has approved the Company to implement a stock repurchase program to purchase up to $20 million of the Company’s common stock between a certain price range. The program is to be completed by the end of the 2019 calendar year. Mr. Hu Xiaoming, Chairman and Chief Executive Officer of Kandi commented, “Given the fact that Kandi’s current stock price is extremely undervalued, the Company has made a decision to buy back up to $20 million worth of Kandi shares to return value to our shareholders. The board of directors believes that our share repurchase will be supported by our shareholders.” Kandi may repurchase shares of its common stock from time to time on the open market or in privately negotiated transactions pursuant to Rule 10b-5, Rule 10b5-1, Rule 10b-18 and other applicable legal requirements of the SEC. The
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KNDI
News
- Kandi Technologies Group Third Quarter 2024 Earnings: US$0.048 loss per share (vs US$0.011 profit in 3Q 2023) [Yahoo! Finance]Yahoo! Finance
- Kandi Technologies Reports Third Quarter 2024 Financial Results [Yahoo! Finance]Yahoo! Finance
- Kandi Technologies Reports Third Quarter 2024 Financial ResultsGlobeNewswire
- Kandi Technologies to Report Third Quarter 2024 Financial Results and Hold a Conference Call on November 18, 2024GlobeNewswire
- Kandi Technologies’ Board Approves Several Major Initiatives and New Management’s 2025-2029 Projected Growth PlanGlobeNewswire
KNDI
Sec Filings
- 11/18/24 - Form 6-K
- 11/13/24 - Form 6-K
- 10/11/24 - Form 6-K
- KNDI's page on the SEC website