CBAK Energy Technology Inc. Announces $20 Million Share Buyback Program

Reuters

2025/05/22

DALIAN, China, May 22, 2025 (GLOBE NEWSWIRE) -- CBAK Energy Technology, Inc. $(CBAT)$ announced the launch of a share buyback program authorizing the repurchase of up to $20 million in common stock over the next 12 months. This initiative aims to return value to shareholders and support the company's efforts to comply with Nasdaq's minimum bid price requirement.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. CBAK Energy Technology Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9456333-en) on May 22, 2025, and is solely responsible for the information contained therein.

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