|MISCELLANEOUS :: DISPOSAL OF SUBSIDIARY|
|* Asterisks denote mandatory information|
|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 Broadcast||15-Jan-2014 17:17:38|
|The details of the announcement start here ...|
|Announcement Title *||Disposal of Subsidiary|
|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
15 January 2014
|Total size = 0K|
(2048K size limit recommended)