06:51 AM EST, 11/18/2024 (MT Newswires) -- 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 ( CAAS ) added.

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