China Yuchai International (CYD) said Thursday its board terminated a stock repurchase plan, effective immediately.
The company said that under the plan that was adopted June 7, it was to repurchase up to $40 million or 4 million of its ordinary shares, whichever happened earlier.
China Yuchai said that so far, it has bought back about 3.3 million shares amounting to roughly $39.8 million.
The company said its outstanding shares will fall to about 37.5 million from about 40.9 million upon the termination of the buyback.
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