China Yuchai Adopts Share Buyback Plan

Source: www.gulfoilandgas.com 6/7/2024, Location: Asia

China Yuchai International Limited (NYSE: CYD) ("China Yuchai") announced that its 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 and may authorize adjustment of its terms and size, and the plan may be suspended or discontinued at any time. The shares purchased under the share buyback plan will be held as treasury shares upon purchase.


Australia >>  11/1/2024 - Woodside corporate entities paid more than A$4 billion in combined income tax and petroleum resource rent tax (PRRT) for the 2022–23 year1

–...

Bermuda >>  11/1/2024 - Borr Drilling Limited announced that Euronext Oslo Stock Exchange (“OSE”) has approved the Company’s application for delisting, following an affirmati...

Brazil >>  11/1/2024 - Petrobras, in relation to news published in the Brazilian media about the payment of extraordinary dividends and about its Strategic Plan, informs tha...
Canada >>  11/1/2024 - Gear Energy Ltd. confirms that the November 2024 monthly dividend of $0.005 per common share is to be paid on November 29, 2024, to shareholders of re...

Canada >>  11/1/2024 - Pembina Pipeline Corporation ("Pembina" or the "Company") announced that it does not intend to exercise its right to redeem the currently outstanding ...
Canada >>  11/1/2024 - Whitecap Resources Inc. (“Whitecap” or the “Company”) is pleased to announce that it has successfully closed the previously announced offering of $400...




Gulf Oil and Gas
Copyright © 2023 ICT All rights reserved. - Terms of Service - Privacy Policy.