China Automotive Systems Announces Share Repurchase
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, Dec. 7, 2018 /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 $4.00 per share, 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 China Automotive Systems, commented, "We do not believe that our current stock price reflects our leadership position in the Chinese automotive power steering industry. Despite the challenging automotive market in China today, we continue
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CAAS
News
- China Automotive Systems to Announce Unaudited 2024 First Quarter Financial Results on May 14, 2024PR Newswire
- China Automotive Systems, Inc. (NASDAQ:CAAS) Q4 2023 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- China Automotive Systems, Inc. (NASDAQ: CAAS) was upgraded by analysts at StockNews.com from a "buy" rating to a "strong-buy" rating.MarketBeat
- China Automotive Systems Reports Record Annual Revenue, and a 81.2% Increase in Diluted Net Income Per Share to $1.25 in Fiscal Year 2023 [Yahoo! Finance]Yahoo! Finance
- China Automotive Systems Reports Record Annual Revenue, and a 81.2% Increase in Diluted Net Income Per Share to $1.25 in Fiscal Year 2023PR Newswire
CAAS
Earnings
- 5/12/23 - Beat
CAAS
Sec Filings
- 3/28/24 - Form 8-K
- 3/28/24 - Form 10-K
- CAAS's page on the SEC website