Kandi Technologies Group, Inc. Buyback
OLI recorded this information on 5/14/2019
Kandi Technologies Group, Inc.
Kandi Technologies Group, Inc. (NASDAQ GS: KNDI) (the "Company" or "Kandi") today announced that its Board of Director has approved the Company to implement a stock repurchase program to purchase up to $20 million of the Company's common stock between a certain price range. The program is to be completed by the end of the 2019 calendar year.
Kandi Technologies Group is engaged in the development, production and distribution of the electric vehicle (EV) products, EV parts and off-road vehicle products in the Chinese and the global markets. Co.'s products consist of EV parts, EV products, and off-road vehicles including all-terrain vehicles, utility vehicles, go-karts, and others vehicles. Co. conducts its primary business operations through its wholly-owned subsidiaries, Zhejiang Kandi Vehicles Co., Ltd., Kandi Vehicles' wholly and partially-owned subsidiaries, and SC Autosports LLC.
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