China Automotive Systems Inc (CAAS) Files Form 4 Insider Buying : Arthur Lap Tat Wong Buys 3,000 Shares

China Automotive Systems Inc (CAAS): Arthur Lap Tat Wong , director of China Automotive Systems Inc purchased 3,000 shares on Jun 2, 2016. The Insider buying transaction was reported by the company on Jun 16, 2016 to the Securities and Exchange Commission. The shares were purchased at $4.20 per share for a total value of $12,600.00 , the company said in a SEC Form 4 Filing.

Shares of China Automotive Systems (CAAS) ended Wednesday, Jun 15, 2016 session in red amid volatile trading. The shares closed down -0.0299 points or -0.81% at $3.67 with 14,721 shares getting traded. Post opening the session at $3.73, the shares hit an intraday low of $3.63 and an intraday high of $3.73 and the price vacillated in this range throughout the day. The company has a market cap of $118 M and the number of outstanding shares has been calculated to be 3,21,21,019 shares. The 52-week high of China Automotive Systems is $8.97 and the 52-week low is $3.501.

China Automotive Systems Money Flow Index Chart

China Automotive Systems Inc. (China Automotive) is a holding company. Through its subsidiary Great Genesis Holdings Limited (Genesis) it owns interests in nine Sino-joint ventures and three wholly owned subsidiaries in the People’s Republic of China (PRC) which manufactures power steering systems or related products for different segments of the automobile industry. Genesis also owns interests in a Brazil-based trading company which engages mainly in the import and sales of automotive parts in Brazil. Henglong USA Corporation (HLUSA) which is a wholly owned subsidiary of the Company which engages in marketing of automotive parts in North America and provides after sales service and research and development support accordingly. China Automotive’s other seven Sino-foreign joint ventures in China include Henglong Jiulong Shenyang Zhejiang USAI Wuhu and Jielong.

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