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China Yuchai Terminates Share Buyback Program

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

China Yuchai International Ltd. (CYD), Thursday announced its decision to end its share buyback plan, with immediate effect.

Under the program, initiated on June 7, the company was authorized to repurchase shares up to $40 million or 4 million of shares, whichever occurs earlier.

So far, the Chinese company has repurchased about 3.3 million shares amounting to a total amount of approximately $39.8 million.

The repurchased shares will be held as treasury shares.

Currently, China Yuchai's shares are trading at $11.71, down 1.51 percent on the New York Stock Exhange.

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