CATL buys back shares to support stock price
- CATL bought back RMB 254 million of its shares today, the first of its latest share buyback program.
- CATL shares have been down about 9 percent so far this year.
CATL (SHE: 300750) has carried out a share buyback in China’s A-share market to bolster its stock price.
The company bought back 1,075,275 shares, or 0.0244 percent of its current total share capital, in centralized bidding transactions today, according to an exchange announcement.
The buyback traded at a high of RMB 237.38 ($32.57) per share and a low of RMB 236.01 per share for a total transaction amount of RMB 254 million.
This is CATL’s first transaction in its latest buyback program, according to its announcement.
CATL announced…
