China automotive systems announces share repurchase program up to $5 million

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.
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