Cango Inc. Filed Its Annual Report on Form 20-F
SHANGHAI, April 26, 2024 /PRNewswire/ -- Cango Inc. (NYSE: CANG) ("Cango" or the "Company"), a leading automotive transaction service platform in China, today announced that it filed its annual repor
CANG.US Announces New $50 Million Share Repurchase Program
On April 25, CANG.US (CANG.US) announced the launch of a new share repurchase program, authorizing the repurchase of its American Depositary Receipts (ADSs) and/or Class A common shares within the next 12 months, with a maximum repurchase amount of 50 million US dollars. The purpose of this repurchase is to optimize the company's capital structure and enhance shareholder value. The capital will be derived from Cango's current cash balance, and the repurchase will be carried out in the open market or through negotiated transactions. According to the announcement, on April 21, 2023, the company announced a stock repurchase plan. According to this plan, the company can repurchase up to 50 million US dollars worth
Cango Inc. Launches New $50M Buyback Plan
Tech Stocks Lead Asian Equities Traded in the US as American Depositary Receipts Higher in Wednesday Trading
Tech stocks were leading Asian equities traded in the US as American depositary receipts higher Wednesday morning, rising 0.41% to 1,846.63 on the S&P Asia 50 ADR Index. From North Asia, the gainers w
Cango Shares Rise After Company Reports $50 Million Share Repurchase Program
Cango (CANG) shares were up more than 6% in recent Tuesday trading after the company announced a $50 million share repurchase program. The program will last for a 12-month period starting Thursday, th
12 Consumer Discretionary Stocks Moving In Tuesday's Pre-Market Session
GainersZHONGCHAO (NASDAQ:ZCMD) shares moved upwards by 21.4% to $1.93 during Tuesday's pre-market session. The market value of their outstanding shares is at $4.7 million. BurgerFi International (NASD
Express News | Cango Shares up 21.6% Premarket; Co Announces up to $50 Mln New Share Repurchase Program
Express News | Cango Shares Are Trading Higher After the Company Announced a Share Repurchase Program of up to $50 Million
Express News | Cango Inc. Announces Up To $50M Share Repurchase Program
Express News | Cango Inc - to Use Existing Cash for $50M Buyback
Express News | Cango Inc. Announces up to US$50 Million New Share Repurchase Program
Asian Equities Traded in the US as American Depositary Receipts Remain Flat in Wednesday Trading
After opening the trading session in positive territory, Asian equities traded in the US as American depositary receipts fell flat Wednesday morning, declining 0.061% to 1,823.73 on the S&P Asia 50 AD
12 Consumer Discretionary Stocks Moving In Thursday's After-Market Session
GainersAterian (NASDAQ:ATER) stock increased by 5.8% to $2.69 during Thursday's after-market session. The market value of their outstanding shares is at $20.6 million. BurgerFi International (NASDAQ:B
Asian Equities Traded in the US as American Depositary Receipts Trend Lower in Thursday Trading
Asian equities traded in the US as American depositary receipts were trending lower Thursday morning, declining 0.37% to 1,898.50 on the S&P Asia 50 ADR Index.
CANGO Mobility and MiTAC Announce Collaboration to Transform Fleet Management With Integrated Video Telematics and CANbus Data Insight
CANGO Mobility, a leading provider of advanced vehicle telematics solutions, and MiTAC Digital Tehnology Corp. (MDT), a pioneer in Automative...
Asian Equities Traded in the US as American Depositary Receipts Nudge Higher in Friday Trading, End Week Lower
Asian equities traded in the US as American depositary receipts were trending slightly higher Friday morning, rising 0.30% to 1,874.85 on the S&P Asia 50 ADR Index. Despite the gain, the index is pois
Financial, Tech Stocks Lead Asian Equities Traded in the US as American Depositary Receipts Higher in Thursday Trading
Financial and tech stocks led Asian equities traded in the US as American depositary receipts sharply higher Thursday morning, rising 1.08% to 1,904.36 on the S&P Asia 50 ADR Index. From North Asia, t
Cango Full Year 2023 Earnings: CN¥0.31 Loss per Share (Vs CN¥8.11 Loss in FY 2022)
Facing Winter At Home, Cango Looks Overseas
Key Takeaways: Cango has launched a new app, AutoCango, to facilitate the export of used Chinese cars to dealers in developing marketsThe company's revenue plunged 73% in last year's fourth quarter, b
The “double car+double market” layout was formed, and CANG.US (CANG.US) crossed the industry cycle
After the US stock market on February 11, CANG.US (CANG.US) announced the fourth quarter and full year results of 2023. In the context of completing the strategic transformation, Cangu passed through 2023, when the Chinese automobile market “opened low and went high,” and saw automobile production and sales surpass 30 million vehicles, and boom rebounded. However, automobile distribution has not left the slump, and small to medium dealers are still facing survival problems. Last year, dealers' losses in new car sales were serious, and their profit contribution was negative for the first time. As a key link in the automobile distribution chain, it is difficult to avoid an impact on performance, but actively improving efficiency and digital innovation in response to the market environment has made this latest achievement
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