Summary by Futu AI
SHAH CAPITAL MANAGEMENT, acting as Chairman of Emeren Group Ltd, has engaged in the purchase of shares on the open market over the course of two days. On September 19, 2024, the firm acquired 14,277 American Depositary Shares of Emeren Group at a price of $2.155 per share. The following day, on September 20, 2024, an additional 36,083 shares were purchased at a price of $2.259 each. These transactions are part of an ongoing buying activity, with a total of 50,360 shares acquired, increasing SHAH CAPITAL MANAGEMENT's holdings to 18,748,862 shares of Emeren Group's common stock. The transactions are reported to be indirect purchases, as detailed in Footnote 3, and are still in progress.