China Yuchai To Fully Own JV Company, Yuchai Remanufacturing Services

(RTTNews) - China Yuchai International Limited (CYD) announced that its main operating subsidiary, Guangxi Yuchai Machinery Company Limited, has entered into an equity transfer agreement to restructure the ownership of its joint venture company - Yuchai Remanufacturing Services (Suzhou) Co., Ltd. Yuchai Remanufacturing will become a wholly-owned subsidiary of Guangxi Yuchai Machinery Company.

As per the agreement, Caterpillar (China) Investment Co., Ltd. will transfer its entire 49% equity ownership in Yuchai Remanufacturing Services to Guangxi Yuchai Machinery Company, bringing GYMCL's equity ownership to 100%.