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News  ›  GlobeNewswire Inc.

MKDW repurchased approximately $7 million worth of its outstanding ordinary shares.

GlobeNewswire Inc. Logo GlobeNewswire Inc. By Na
MKDW repurchased approximately $7 million worth of its outstanding ordinary shares.

MKDWELL Tech Inc. (NASDAQ: MKDW), an automotive electronics manufacturer, announced a stock repurchase agreement to buy back 34.58 million ordinary shares at $0.203 per share for approximately $7 million. The company's CEO stated the repurchase aims to protect shareholder value amid undervalued share prices, while acknowledging challenges from macroeconomic volatility and new US tariffs.

Insights
GTN.A   positive

Expanded media coverage and sports broadcasting rights indicate business growth and strategic partnership


MKDW   neutral

While the share repurchase demonstrates management confidence in long-term value, the decision is driven by perceived undervaluation and acknowledgment of current macroeconomic headwinds and tariff pressures. The repurchase is a defensive measure rather than a sign of strong operational momentum, suggesting cautious optimism tempered by near-term challenges.