China Automotive Systems (CAAS) said Monday its board approved a stock buyback plan of up to $5 million of the company's outstanding common shares over the next 12 months.
The company will repurchase its shares at no more than $5.50 apiece through Nov. 15 next year, China Automotive added.
Price: 4.4800, Change: +0.15, Percent Change: +3.46
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