Brief: China Yuchai Says It Divests Yuchai Remanufacturing Services In Suzhou

China Yuchai International

31/12/2023 14:06

Dec 31 (Reuters) - China Yuchai International Ltd
 CYD.N :
    * CHINA YUCHAI DIVESTS YUCHAI REMANUFACTURING SERVICES IN
SUZHOU
    * CHINA YUCHAI - GYMCL HAS ENTERED INTO AGREEMENT WITH
BEIJING
LIANDONG FOR SALE OF GYMCL'S 100% EQUITY HOLDING IN SUZHOU REMAN
TO BEIJING LIANDONG
    * CHINA YUCHAI - CONSIDERATION IS RMB 179.94 MILLION, ALONG
WITH
THE BOOK VALUE OF CASH AND CASH EQUIVALENTS
    * CHINA YUCHAI - CONSIDERATION FOR THE TRANSACTION WILL BE
IN THE
FORM OF CASH AND IT WILL BE PAID INTO AN ESCROW ACCOUNT IN
PHASES

Source text for Eikon:  ID:nPn6Qsq7Ra 
Further company coverage:  CYD.N 

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