China Yuchai International Updates on Sale of Shares in Thakral Corporation Limited
December 30 2009 - 5:00AM
PR Newswire (US)
SINGAPORE, Dec. 30 /PRNewswire-Asia-FirstCall/ -- China Yuchai
International Limited (NYSE:CYD) ("China Yuchai" or the "Company"),
refers to its announcement of December 14, 2009 and wishes to
update that CIMB-GK Securities Pte. Ltd. ("Placement Agent") has
entered into agreements with purchasers for a further 340,000,000
shares out of the remaining 354,000,000 shares in Thakral
Corporation Limited ("TCL") offered by the Company's wholly owned
subsidiary, Venture Delta Limited at S$0.03 per share on an
ex-distribution basis ("Placement"). As of to date, a total of
536,000,000 shares out of the 550,000,000 shares in TCL available
in the Placement have been taken up. Settlement of the purchased
shares will occur after the capital reduction and cash distribution
of S$0.05 per issued share in the capital of TCL has been received
by all entitled shareholders in compliance with all applicable laws
or on such other date as notified by the Placement Agent. About
China Yuchai International China Yuchai International Limited,
through its subsidiary, Guangxi Yuchai Machinery Company Limited
("GYMCL"), engages in the manufacture, assembly, and sale of a wide
array of light-duty, medium-sized and heavy-duty diesel engines for
construction equipment, trucks, buses, and cars in China. GYMCL
also produces diesel power generators, which are primarily used in
the construction and mining industries. Through its regional sales
offices and authorized customer service centers, the Company
distributes its diesel engines directly to auto OEMs and retailers
and provides maintenance and retrofitting services throughout
China. Founded in 1951, GYMCL has established a reputable brand
name, strong research & development team and significant market
share in China with high-quality products and reliable after-sales
support. In 2008, GYMCL sold approximately 372,000 diesel engines
and was consistently ranked No. 1 in unit sales by China
Association of Automobile Manufacturers. For more information,
please visit http://www.cyilimited.com/ . For more information,
please contact: Kevin Theiss / Dixon Chen Grayling Tel:
+1-646-284-9409 Email: DATASOURCE: China Yuchai International
Limited CONTACT: Kevin Theiss / Dixon Chen, Grayling,
+1-646-284-9409, , or Web Site: http://www.cyilimited.com/
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