China Yuchai Terminates Its Share Buyback Plan
China Yuchai International (NYSE: CYD) has announced the immediate termination of its share buyback plan, which was initially adopted on June 7, 2024. The plan allowed for repurchases of up to US$40 million or 4 million shares, whichever occurred first. As of the announcement, the company had repurchased 3,339,968 shares for a total of US$39,825,731. The repurchased shares will be held as treasury shares, reducing the company's outstanding shares from 40,858,290 to 37,518,322.
China Yuchai International (NYSE: CYD) ha annunciato l'immediata cessazione del suo piano di riacquisto di azioni, adottato inizialmente il 7 giugno 2024. Il piano consentiva riacquisti fino a 40 milioni di dollari USA o 4 milioni di azioni, a seconda di quale si realizzasse per prima. Al momento dell'annuncio, la società aveva riacquistato 3.339.968 azioni per un totale di 39.825.731 dollari USA. Le azioni riacquistate saranno detenute come azioni proprie, riducendo le azioni in circolazione dell'azienda da 40.858.290 a 37.518.322.
China Yuchai International (NYSE: CYD) ha anunciado la finalización inmediata de su plan de recompra de acciones, que se adoptó inicialmente el 7 de junio de 2024. El plan permitía recompras de hasta 40 millones de dólares estadounidenses o 4 millones de acciones, lo que ocurriera primero. Al momento del anuncio, la compañía había recomprado 3.339.968 acciones por un total de 39.825.731 dólares estadounidenses. Las acciones recompradas se mantendrán como acciones en tesorería, reduciendo las acciones en circulación de la compañía de 40.858.290 a 37.518.322.
차이나 유차이 인터내셔널 (NYSE: CYD)은 2024년 6월 7일에 처음 채택된 자사주 매입 계획을 즉각 종료한다고 발표했습니다. 이 계획은 최대 4000만 미국 달러 또는 400만 주의 매입을 허용하며, 먼저 발생하는 것을 기준으로 합니다. 발표 당시 회사는 총 3,339,968주를 매입하여 39,825,731 미국 달러을 지출했습니다. 매입된 주식은 자사주로 보유되어 회사의 발행 주식을 40,858,290주에서 37,518,322주로 줄입니다.
China Yuchai International (NYSE: CYD) a annoncé la cessation immédiate de son programme de rachat d'actions, qui avait été initialement adopté le 7 juin 2024. Le programme permettait des rachats allant jusqu'à 40 millions de dollars américains ou 4 millions d'actions, selon ce qui se produisait en premier. Au moment de l'annonce, l'entreprise avait racheté 3 339 968 actions pour un total de 39 825 731 dollars américains. Les actions rachetées seront conservées en tant qu'actions propres, réduisant ainsi les actions en circulation de l'entreprise de 40 858 290 à 37 518 322.
China Yuchai International (NYSE: CYD) hat die sofortige Beendigung seines Aktienrückkaufplans bekannt gegeben, der ursprünglich am 7. Juni 2024 eingeführt wurde. Der Plan erlaubte Rückkäufe von bis zu 40 Millionen US-Dollar oder 4 Millionen Aktien, je nachdem, was zuerst eintrat. Zum Zeitpunkt der Ankündigung hatte das Unternehmen 3.339.968 Aktien zurückgekauft, insgesamt für 39.825.731 US-Dollar. Die zurückgekauften Aktien werden als eigene Aktien gehalten, wodurch die ausstehenden Aktien des Unternehmens von 40.858.290 auf 37.518.322 reduziert werden.
- Nearly complete execution of buyback plan with 99.6% of allocated funds utilized ($39.8M of $40M)
- Reduction in outstanding shares by 8.2%, potentially increasing earnings per share
- Strong commitment to returning value to shareholders demonstrated through substantial buyback completion
- Early termination of buyback program before reaching the full 4 million shares target
Insights
The termination of the
The share buyback plan was adopted on June 7, 2024, under which the Company may repurchase its ordinary shares up to
The shares purchased under the share buyback plan are to be held as treasury shares for the time being. Accordingly, the Company's outstanding shares will be reduced from 40,858,290 to 37,518,322 upon the termination of the share buyback plan.
About China Yuchai International
China Yuchai International Limited, through its subsidiary, Guangxi Yuchai Machinery Company Limited ("Yuchai"), engages in the manufacture, assembly, and sale of a wide variety of light-, medium- and heavy-duty engines for trucks, buses, passenger vehicles, construction equipment, marine and agriculture applications in China. Yuchai also produces diesel power generators. The engines produced by Yuchai range from diesel to natural gas and hybrid engines. Through its regional sales offices and authorized customer service centers, Yuchai distributes its engines directly to auto OEMs and retailers and provides maintenance and retrofitting services throughout
Safe Harbor Statement:
This news release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words "believe", "expect", "anticipate", "project", "targets", "optimistic", "confident that", "continue to", "predict", "intend", "aim", "will" or similar expressions are intended to identify forward-looking statements. All statements other than statements of historical fact are statements that may be deemed forward-looking statements. These forward-looking statements including, but not limited to, statements concerning China Yuchai group of entities' operations, financial performance and condition are based on current expectations, beliefs and assumptions which are subject to change at any time. China Yuchai cautions that these statements by their nature involve risks and uncertainties, and actual results may differ materially depending on a variety of important factors such as government and stock exchange regulations, competition, political, economic and social conditions around the world and in
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Investor Relations
Kevin Theiss
Tel: +1-212-510-8922
Email: cyd@bluefocus.com
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SOURCE China Yuchai International Limited
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