Brief: China Automotive Systems Announces Share Repurchase

China Automotive Systems

25/08/2020 11:02

Aug 25 (Reuters) - China Automotive Systems Inc  CAAS.O :
    * CHINA AUTOMOTIVE SYSTEMS ANNOUNCES SHARE REPURCHASE
    * CHINA AUTOMOTIVE SYSTEMS INC - APPROVED A SHARE REPURCHASE
PROGRAM OF UP TO $5 MILLION OF ITS OUTSTANDING COMMON SHARES
    * CHINA AUTOMOTIVE SYSTEMS INC - REPURCHASES WILL BE MADE IN
OPEN
MARKET TRANSACTIONS, AT PREVAILING MARKET PRICES NOT TO EXCEED
$3.50 PER SHARE
    * CHINA AUTOMOTIVE SYSTEMS INC - COVID-19 PANDEMIC
SIGNIFICANTLY
AFFECTED CO'S WORLDWIDE SALES AND DOMESTIC OPERATIONS IN FIRST
HALF OF 2020
    * CHINA AUTOMOTIVE SYSTEMS INC - BELIEVE SECOND HALF OF 2020
WILL
BE AN IMPROVED OPERATING ENVIRONMENT

Source text for Eikon:  ID:nPn6J1L8qa 
Further company coverage:  CAAS.O 

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