CYD - Why Is China Yuchai International Stock Gaining Today? | Benzinga
China Yuchai International Limited (NYSE:CYD) shares are trading higher after the company announced a repurchase of up to $40 million or 4 million shares (whichever occurs earlier).
The company plans to fund repurchases under the share buyback plan from operating cash flow and the existing cash balance.
In a press release dated February 27, the company said its cash and bank balances were RMB6.0 billion ($852.7 million) as of December 31, 2023.
The shares purchased ...