MISCELLANEOUS :: DISPOSAL OF SUBSIDIARY
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Name of Announcer *HONG LEONG ASIA LTD.
Company Registration No.196300306G
Announcement submitted on behalf of HONG LEONG ASIA LTD.
Announcement is submitted with respect to *HONG LEONG ASIA LTD.
Announcement is submitted by *NG SIEW PING, JASLIN
Designation *COMPANY SECRETARY
Date & Time of Broadcast15-Jan-2014 17:17:38
Announcement No.00030
 
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Announcement Title *Disposal of Subsidiary
Description
The Board of Directors of Hong Leong Asia Ltd. (the Company) wishes to announce that Guangxi Yuchai Machinery Company Limited (GYMCL), a subsidiary of China Yuchai International Limited, which in turn is a subsidiary of the Company, had disposed of its entire equity interest representing 100% of the share capital of Yuchai/Asimco Components Company Limited (Yuchai/Asimco) to Shenzhen Dingshenglong Trading Development Company Limited, an unrelated third party (the Disposal), for a cash consideration of RMB 15,497,240.18.

The consideration for the Disposal was arrived at on a willing-buyer willing-seller basis based on the net book value of Yuchai/Asimco.

Following the Disposal, Yuchai/Asimco ceased to be a wholly-owned subsidiary of GYMCL.


By Order of the Board
HONG LEONG ASIA LTD.


Ng Siew Ping, Jaslin
Company Secretary


15 January 2014
Singapore
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