06:24 AM EDT, 06/07/2024 (MT Newswires) -- China Yuchai International ( CYD ) said Friday its board has approved a share buyback plan for up to 4 million of its ordinary shares, or $40 million.

The company said it plans to fund the buybacks from operating cash flow and its existing cash balance.

Shares of the company added 3% in recent premarket activity Friday.

Price: 8.69, Change: +0.25, Percent Change: +3.02