Jun. 22 at 2:21 PM
$CAAS
They have basically telegraphed their intentions.
This was said last August:
"And our other shareholder reward program, whether it's dividend or share buyback will continue."
This was said in April this year:
"In terms of share buyback, we definitely are considering, previously, we do have a buyback plan in place due to the redomicile to the Cayman Island process, we have to meet a lot of compliance. So we put that buyback plan on hold. Now with that procedure completed, me and the CFO definitely will recommend to the Board and to reinitiate share buyback program. We'll make a -- do announcement when that's in progress.
[Foreign Language] [Interpreted] As far as dividend, we don't have a plan at the moment, but we're going to make -- also make a suggestion to the Board of Directors."
Similar thing happened with
$GRVY. Management basically said they are considering capital returns, and now stock is shooting up when they announced it lol. So much for market efficiency.
