BYD completes RMB 1.8 billion stock buyback in China's A-share market
BYD raised its buyback price ceiling last week as the share price rose faster than it could execute the buyback plan.
BYD raises price cap on share buybacks as stock rises faster than it can execute
BYD previously announced a buyback price cap of RMB 300, but its shares have risen 40 percent in the past month to about RMB 330.
BYD buys back RMB 433 million worth of shares traded in China's A-share market today
BYD's Shenzhen-traded shares closed today at RMB 299.98, near the upper limit of the company's planned buyback price.
Gotion plans to buy back shares worth up to RMB 400 million
The move is based on the company's confidence in its future growth prospects and to further establish a sound long-term incentive mechanism, Gotion said.