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April 22, 2025 — Peter Wang, a director at Greenland Technologies Holding Corp. (NASDAQ:GTEC), reported significant stock transactions in a recent SEC filing. Wang sold 6,211,740 ordinary shares at $1.00 each, totaling approximately $6.2 million. Following this sale, he no longer holds shares through Cenntro Holding Limited. The transaction price represents a significant discount to GTEC’s current market price of $1.52, with InvestingPro analysis indicating the stock trades at attractive multiples with a P/E of 1.44x.
Simultaneously, Wang acquired an identical number of shares, 6,211,740, at the same price of $1.00 per share, through Trendway Capital Limited. This acquisition mirrors the amount sold, suggesting a strategic reallocation of his holdings. After these transactions, Wang retains direct ownership of 2,500 ordinary shares. According to InvestingPro, GTEC maintains strong financial health with an impressive Altman Z-Score of 8.01 and holds more cash than debt on its balance sheet. Discover 10 additional exclusive insights about GTEC’s valuation and growth potential with an InvestingPro subscription.
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