Kandi Technologies Plans $20M Share Buyback Program

by Shivani Kumaresan, Benzinga Staff Writer

December 6, 2021 10:38 AM | 29 seconds read |

Kandi Technologies Group Inc KNDI announced that its Board of Directors had authorized the repurchase of up to $20 million of common stock.
Kandi expects to commence the repurchase plan on December 10, 2021, and conclude by the end of 2022.
Kandi held $211 million in cash and equivalents as of September 30, 2021.
Price Action: KNDI shares are trading higher by 8.08% at $3.61 on the last check Monday.

Posted In: News Penny Stocks Buybacks Briefs

Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.