Asset Acquisitions and Disposals::Incorporation of Subsidiary

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
30-Jan-2015 17:19:12
Status
New
Announcement Sub Title
Incorporation of Subsidiary
Announcement Reference
SG150130OTHRJW0K
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. (the "Company") wishes to announce the incorporation of Suzhou Yuchai Machinery Monopoly Co., Ltd ("Suzhou Yuchai") in the People's Republic of China. Guangxi Yuchai Machinery Monopoly Development Co., Ltd ("YMMDC") and its subsidiary, Yulin Yuchai Machinery Industry Development Co., Ltd hold respectively 90% and 10% equity interests in Suzhou Yuchai, thereby making the latter a wholly-owned subsidiary of YMMDC. YMMDC is a subsidiary of China Yuchai International Limited, which in turn is a subsidiary of the Company.

The registered and paid-up capital in Suzhou Yuchai of RMB5 million was satisfied in cash and funded through internal sources. The principal activities of Suzhou Yuchai are those relating to:

(i) sales and leasing of engineering machinery, engines and accessories, agricultural machinery and electrical equipment;

(ii) sales and maintenance of automobiles and related parts; and

(iii) sales of mechanical and electrical products, motorcycles, metal materials, electronic products, hardware, lubricants, chemical products, tires and rubber products.


By Order of the Board
HONG LEONG ASIA LTD.


Ng Siew Ping, Jaslin
Company Secretary

30 January 2015
Singapore