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CATL chairman proposes 2-3 billion yuan company share buyback

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BEIJING : Chinese EV battery giant CATL has received a proposal from Chairman Robin Zeng for the company to buy back shares worth 2-3 billion yuan ($273-$410 million) within 12 months, it said on Thursday in a filing to the Shenzhen Stock Exchange.

The repurchased shares would be used for a stock incentive plan or an employee stock ownership plan, CATL said in the filing. We know it's a hassle to switch browsers but we want your experience with CNA to be fast, secure and the best it can possibly be.

 

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