Chinese Automotive Electronics Company MKDWELL Initiates $7 Million Share Repurchase

MKDWELL Tech Inc., a Chinese automotive electronics manufacturer, has commenced a significant share repurchase program amounting to approximately $7 million. The Company entered into stock repurchase agreements with specific shareholders to buy back 34,580,000 ordinary shares at a price of US$0.203 per share. This initiative comes as MKDWELL Tech Inc.’s response to what it perceives as an undervaluation of its share price compared to the potential of its business model and long-term growth according to Ming-Chia, Huang, Chairman and CEO. Despite global economic uncertainties and new tariffs imposed by the US, the company remains resolute in focusing on leveraging AIOT…