BYD's Share Buy-Back Plan Aims to Boost Market Value and Competitiveness

Wednesday, 6 March 2024, 13:24

China's BYD has revealed a US$55 million share buy-back plan to enhance its market value. The move is expected to increase competitiveness and strengthen the position of the world's largest EV maker in the industry. The share repurchase scheme is set to be completed within 12 months.
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BYD's Share Buy-Back Plan Aims to Boost Market Value and Competitiveness

BYD Announces US$55 Million Share Buy-Back Plan

BYD, the world's largest EV maker, has unveiled a US$55 million share buy-back plan to increase its market value and competitiveness.

Shenzhen-based company BYD expects to complete the share repurchase scheme within 12 months of the plan’s approval by shareholders.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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