Key Developments: China Yuchai International Ltd (CYD.N)

CYD.N on New York Stock Exchange

18.34USD
19 Dec 2014
Price Change (% chg)

$0.41 (+2.29%)
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Latest Key Developments (Source: Significant Developments)

China Yuchai International Ltd 's subsidiary announces divestment of interest in Passenger Vehicle Joint Venture
Thursday, 2 Oct 2014 06:01am EDT 

China Yuchai International Ltd:Says its main operating subsidiary, Guangxi Yuchai Machinery Company Ltd has divested its entire 70 pct shareholding interest in Jining Yuchai Engine Company Ltd , its diesel car engine manufacturing joint-venture with Zhejiang Geely Holding Group Co., Ltd.  Full Article

China Yuchai International Ltd supplies new National V-Compliant Diesel Engine for transit buses
Tuesday, 23 Sep 2014 06:00am EDT 

China Yuchai International Ltd:Says company's main operating subsidiary, Guangxi Yuchai Machinery Company Limited (GYMCL), has supplied the first units of its new YC4FA130-50 light-duty diesel engines compliant with National V emission standards, for transit buses in Shanghai.  Full Article

China Yuchai International Ltd announces completes acquisition of Yuchai Remanufacturing Services (Suzhou) Co., Ltd
Wednesday, 10 Sep 2014 06:01am EDT 

China Yuchai International Ltd:Guangxi Yuchai Machinery Company Ltd (GYMCL) subsidiary, has completed acquisition of 100 pct equity interest in Yuchai Remanufacturing Services (Suzhou) Co., Ltd (YRC).Pursuant to an equity transfer agreement entered into between Caterpillar (China) Investment Co., Ltd. and subsidiary former transferred its entire 49 pct equity ownership in YRC to latter resulting in YRC becoming wholly-owned subsidiary of GYMCL.  Full Article

China Yuchai International Ltd declared dividend
Monday, 12 May 2014 05:56am EDT 

China Yuchai International Ltd:Dividend of $1.20 per share of common stock for FY 2013 has been declared.Dividend payment will be made either wholly in cash or in new shares of CYI's common stock at option of stockholder.Payable on July 7.Record date on May 28.Ex-dividend date of May 26.  Full Article

China Yuchai International Ltd's Guangxi Yuchai Machinery Company Limited Announces Changes To Joint Venture To Expand Heavy-Duty Diesel And Gas Engine Production In China
Monday, 14 Oct 2013 06:58am EDT 

China Yuchai International Ltd announced the changes in the ownership structure of the joint venture entered into by its main operating subsidiary, Guangxi Yuchai Machinery Company Limited (GYMCL) and GYMCL’s joint venture company, Y&C Engine Co., Ltd. (Y&C Engine) with Baotou BeiBen Heavy Duty Truck Co., Ltd. (BeiBen) and Inner Mongolia First Machinery Group Co., Ltd. (First Machinery Group), which was announced on June 4, 2013. Further to discussions between the joint venture parties, the First Machinery Group will exit from the joint venture and be replaced with Baotou Beifang Chuangye Co., Ltd. (Beifang) in which the First Machinery Group is the single largest shareholder with a 23.62% interest as reported in Beifang’s semi-annual report released on August 27, 2013, covering the period January 1, 2013 to June 30, 2013. Beifang will hold 15% of the new joint venture entity with the remaining 85% interest held between BeiBen, GYMCL and Y&C Engine.  Full Article

China Yuchai International Ltd Announces Interim Cash Dividend
Monday, 5 Aug 2013 06:00am EDT 

China Yuchai International Limited announced an interim cash dividend of USD0.10 per ordinary share for the financial year 2013 has been declared by its Board of Directors. The interim cash dividend will be paid on August 26, 2013 to shareholders of record as of the close of business on August 16, 2013.  Full Article

China Yuchai International Ltd Appoints Weng Ming Hoh As President
Monday, 15 Jul 2013 06:05am EDT 

China Yuchai International Limited announced that its Board of Directors has approved the appointment of Mr. Weng Ming Hoh as President of the Company effective July 17, 2013. Mr. Kok Ho Leong, who has been holding the dual positions of acting President and Chief Financial Officer since the departure of the previous President on May 31, 2013, will, with Mr. Hoh's appointment, relinquish his role as acting President.  Full Article

China Yuchai International Ltd to Pay Cash Dividend For FY 2012 On July 10, 2013
Monday, 17 Jun 2013 06:05am EDT 

China Yuchai International Ltd announced that a dividend of US$0.40 per ordinary share and a special dividend of US$0.40 per ordinary share for the year ended December 31, 2012 has been declared by its Board of Directors. The cash dividend will be paid on July 10, 2013 to shareholders of record as of the close of business on June 28, 2013.  Full Article

China Yuchai International Ltd's Guangxi Yuchai Machinery Company Limited Enters Into Joint Venture To Expand Heavy-Duty Diesel And Gas Engine Production In China
Tuesday, 4 Jun 2013 06:45am EDT 

China Yuchai International Ltd announced that operating subsidiary, Guangxi Yuchai Machinery Company Limited (GYMCL) and GYMCL's joint venture company,Y&C Engine Co., Ltd. (Y&C Power), has entered into a Framework Agreement with Baotou Bei Ben Heavy Duty Truck Co., Ltd. (Bei Ben), and Inner Mongolia First Machinery Group Co., Ltd. (Yiji Group), to form a new joint venture company (JV Company), to be located in Baotou, Inner Mongolia. The JV Company will have a registered capital of RMB600 million. The new JV Company will focus on the production of GYMCL's diesel and gas engine models YC6A, YC6L, YC6MK and Y&C Power's advanced diesel and gas engine model YC6K to meet the needs of Bei Ben's heavy-duty and medium-duty trucks and buses. GYMCL's service network and the repair and maintenance centres of Bei Ben will provide after-sales service for all engines sold by the JV Company. GYMCL and Y&C Power will together hold 50% of the JV Company with Bei Ben and the Yiji Group holding the other 50%.  Full Article

China Yuchai International Ltd's Subsidiary Announces Issuance of Medium Term Notes
Thursday, 30 May 2013 06:19am EDT 

China Yuchai International Ltd announced that its main operating subsidiary, Guangxi Yuchai Machinery Company Ltd (GYMCL) further to the receipt of approval from China’s National Association of Financial Market Institutional Investors (NAFMII) for the issuance of RMB denominated three-year unsecured medium- term notes (Notes) amounting to RMB1.6 billion had, on May 28, 2013 issued the first tranche of the Notes amounting to RMB1 billion. The par value and issue price of each Note is RMB100. The fixed annual interest payable on the Notes is 4.69% which is the rate as of May 30, 2013. The maturity date of the Notes is May 30, 2016. The proceeds from the issuance of the Notes are to be used by GYMCL to repay bank loans and for working capital purposes. It is believed that the issuance of the Notes is a cost-effective option of raising capital given that China’s benchmark one-year lending rate is at 6%.  Full Article

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