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Stock impact report

China Yuchai Adopts Share Buyback Plan [Yahoo! Finance]

China Yuchai International Limited (CYD) 
Last china yuchai international limited earnings: 3/30 06:00 am Check Earnings Report
US:NYSE Investor Relations: cyilimited.com/home/ir.html
Company Research Source: Yahoo! Finance
Board of Directors has approved a share buyback plan under which the Company may repurchase its ordinary shares up to US$40 million in dollar amount or 4 million in number (whichever occurs earlier). Under the share buyback plan, the Company may repurchase shares from time to time on the open market at prevailing market prices, in privately negotiated transactions, and/or by other legally permissible means in accordance with applicable laws and regulations. The timing of repurchases and the number and value of shares to be repurchased under the plan will depend on a number of factors, including the market price of the Company's shares, general market and economic conditions, and relevant legal and regulatory requirements (including, as applicable, Rule 10b -18 and/or Rule 10b5-1). The Company plans to fund repurchases under the share buyback plan from operating cash flow and the existing cash balance. The Company's Board of Directors will review the share buyback plan periodically Show less Read more
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