China Yuchai Has Approved To Terminate Its Share Buyback Plan With Immediate Effect.
Portfolio Pulse from Benzinga Newsdesk
China Yuchai has decided to terminate its share buyback plan, which was initially set to repurchase up to $40 million or 4 million shares. The company has already repurchased 3,339,968 shares, totaling $39,825,731.
October 31, 2024 | 10:09 am
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China Yuchai has terminated its share buyback plan after repurchasing nearly the full amount authorized. This decision may impact investor sentiment as the buyback was close to completion.
The termination of the share buyback plan is significant as it indicates the company has nearly reached its buyback target. This could be seen as neutral since the buyback was almost complete, but it may affect investor sentiment as buybacks often support stock prices.
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