Investors panic: BYD stock crashes 30% – CEO proposes share buyback

Amidst lackluster market performance, numerous companies listed in China are contemplating or already in the process of executing share buybacks. The latest addition to this trend is BYD, as its chairman and president, Wang Chuanfu, submitted a proposal on December 6 for the company to repurchase shares traded on China’s A-share market, as outlined in a stock exchange announcement from the Shenzhen-listed company today.

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