Asset Acquisitions and Disposals::Increase of Shareholding in China Yuchai International Limited ("CYI")
Issuer & Securities
Issuer/ Manager
HONG LEONG ASIA LTD.
Securities
HONG LEONG ASIA LTD. - SG1F76860344 - H22
Stapled Security
No
Announcement Details
Announcement Title
Asset Acquisitions and Disposals
Date &Time of Broadcast
26-Dec-2014 19:39:57
Status
New
Announcement Sub Title
Increase of Shareholding in China Yuchai International Limited ("CYI")
Announcement Reference
SG141226OTHRHAUD
Submitted By (Co./ Ind. Name)
Ng Siew Ping, Jaslin
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
The Board of Directors of Hong Leong Asia Ltd. ("HLA" or the "Company") wishes to announce that Well Summit Investments Limited, a wholly-owned subsidiary of the Company, had purchased in the open market 105,225 ordinary shares of US$0.10 each in the capital of CYI (a company listed on the New York Stock Exchange), representing approximately 0.275% of the issued and paid-up share capital of CYI, for a cash consideration of US$1,787,688.57 (the "Acquisition"). The Acquisition was funded by banking facilities.
Following the Acquisition, the HLA group holds in aggregate 14,137,961 ordinary shares and one special share of US$0.10 in CYI, representing approximately 37.015% of the issued and paid-up share capital of CYI comprising 38,195,705 ordinary shares and one special share as at 24 December 2014.
By Order of the Board
HONG LEONG ASIA LTD.
Ng Siew Ping, Jaslin
Company Secretary
26 December 2014
Singapore
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