Reported Earlier, China Yuchai Reports $38.5M In Share Repurchases, Approaching Target In Ongoing $40M Buyback Plan
Portfolio Pulse from Benzinga Newsdesk
China Yuchai International Limited (CYD) has reported $38.5 million in share repurchases, nearing the target of its ongoing $40 million buyback plan.
August 14, 2024 | 7:49 am
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China Yuchai International Limited (CYD) has reported $38.5 million in share repurchases, nearing the target of its ongoing $40 million buyback plan.
The announcement of nearing the completion of a significant share buyback plan is likely to positively impact CYD's stock price in the short term. Share repurchases often signal management's confidence in the company's future and can reduce the number of shares outstanding, potentially increasing earnings per share.
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