SINGAPORE, Aug. 14, 2024 /PRNewswire/ — China Yuchai Worldwide (NYSE:) Restricted (NYSE: CYD) (“China Yuchai” or the “Firm”), had on June 7, 2024, adopted a share buyback plan, of as much as US$40 million in greenback quantity or 4 million in quantity, whichever happens earlier. As of the tip of market buying and selling on August 12, 2024, the Firm repurchased a complete of three,226,159 shares for a complete quantity of roughly US$38.5 million.
The shares bought below the Firm’s share buyback plan might be held as treasury shares. The Firm’s repurchase course of stays ongoing.
About China Yuchai
China Yuchai Worldwide Restricted, by means of its subsidiary, Guangxi Yuchai Equipment Firm Restricted (“Yuchai”), engages within the manufacture, meeting, and sale of all kinds of light-, medium- and heavy-duty engines for vans, buses, passenger automobiles, building gear, marine and agriculture functions in China. Yuchai additionally produces diesel energy turbines. The engines produced by Yuchai vary from diesel to and hybrid engines. Via its regional gross sales places of work and licensed customer support facilities, Yuchai distributes its engines on to auto OEMs and retailers and gives upkeep and retrofitting companies all through China. Based in 1951, Yuchai has established a good model identify, robust analysis and improvement workforce and vital market share in China with high-quality merchandise and dependable after-sales help. In 2023, Yuchai offered 313,493 engines and is acknowledged as a number one producer and distributor of engines in China. For extra data, please go to http://www.cyilimited.com.
Secure Harbor Assertion:
This information launch could comprise forward-looking statements throughout the which means of the Personal Securities Litigation Reform Act of 1995. The phrases “consider”, “anticipate”, “anticipate”, “mission”, “targets”, “optimistic”, “assured that”, “proceed to”, “predict”, “intend”, “intention”, “will” or related expressions are supposed to establish forward-looking statements. All statements aside from statements of historic reality are statements which may be deemed forward-looking statements. These forward-looking statements together with, however not restricted to, statements regarding China Yuchai group of entities’ operations, monetary efficiency and situation are based mostly on present expectations, beliefs and assumptions that are topic to alter at any time. China Yuchai cautions that these statements by their nature contain dangers and uncertainties, and precise outcomes could differ materially relying on quite a lot of necessary components similar to authorities and inventory change laws, competitors, political, financial and social circumstances world wide and in China together with these mentioned in China Yuchai’s Type 20-Fs below the headings “Danger Components”, “Outcomes of Operations” and “Enterprise Overview” and different reviews filed with the Securities and Trade Fee occasionally. All forward-looking statements are relevant solely as of the date they’re made and China Yuchai particularly disclaims any obligation to take care of or replace the forward-looking data, whether or not of the character contained on this launch or in any other case, sooner or later.
For extra data:
Investor RelationsKevin TheissTel: +1-212-510-8922Email: cyd@bluefocus.com
