China Yuchai International (CYD) has released an update.
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China Yuchai International has announced the termination of its share buyback plan, initially set to repurchase up to $40 million worth of shares. The company successfully bought back 3,339,968 shares, totaling nearly $39.8 million, reducing outstanding shares from 40.8 million to 37.5 million. This decision is significant for investors as it impacts the company’s stock value and market presence.
For further insights into CYD stock, check out TipRanks’ Stock Analysis page.
