Hong Leong Asia (DE:HOM) has released an update.
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China Yuchai International Limited, a leading engine manufacturer in China, has nearly completed its share buyback plan, repurchasing 3.2 million shares for $38.5 million, close to the $40 million cap set for the program. The repurchased shares are to be held as treasury shares, with the company continuing the buyback process. Yuchai, known for its diverse engine production ranging from diesel to natural gas and hybrids, has a strong market presence and sold over 313,000 engines in 2023.
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