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By The Online Investor Staff, updated Mon., Apr. 29, 12:11 AM
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Stock Buybacks
| This Slide: #15 of 25 |
Slide #15. Cango Inc.
Company:
Cango Inc. (NYSE:CANG)
$Amount Authorized:
$50,000,000
Buyback Details:
Cango Inc. (NYSE: CANG) ("Cango" or the "Company"), a leading automotive transaction service platform in China, today announced that its board of directors has authorized a new share repurchase program (the "New Share Repurchase Program") under which the Company may repurchase up to US$50 million worth of its outstanding (i) American depositary shares ("ADSs"), each representing two Class A ordinary shares, and/or (ii) Class A ordinary shares over the next 12 months starting from April 25, 2024.
Cango is a holding company. Through its subsidiaries, Co. is an automotive transaction service platform in the People's Republic of China. Co.'s solutions and service offerings include: Automobile Trading Solutions, in which it provides car sourcing and logistics and warehousing support for dealers and the facilitation of car purchases for car buyers; Automotive Financing Facilitation Services, in which it connects financial institutions and car buyers, utilizing its dealer network; and After-market Services Facilitation, in which it facilitates the sale of insurance policies and other after-market services for car buyers such as auto insurance, accident insurance and health insurance. 
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Avg. Broker Rec.
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Hold (2.00 out of 4) 100th percentile
(ranked higher than approx. 100% of all stocks covered)
Based on Zacks ABR data; powered by Xignite |
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