China Yuchai International (CYD) has released an update.
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China Yuchai International Limited has actively pursued its share buyback plan, repurchasing 3,226,159 shares for nearly $38.5 million, nearing the plan’s $40 million limit. The acquired shares are to be held as treasury shares, with the repurchase program still in progress. China Yuchai, known for manufacturing a diverse range of engines and for its significant market share in China, continues to strengthen its market position.
For further insights into CYD stock, check out TipRanks’ Stock Analysis page.