Under the share buyback plan, China Yuchai may buy back its shares from time to time at prevailing market prices in private negotiated transactions or other means.
NYSE-listed China Yuchai, a subsidiary of Singapore Exchange (SGX:S68
) (SGX)-listed Hong Leong Asia (SGX:H22) , has approved a share buyback plan.
On June 7, the company announced that its board of directors has approved the plan where the company may repurchase its ordinary shares of up to US$40 million ($54.0 million) in value or up to 4 million shares, whichever occurs earlier.
