| Title: | Yuchai Mach Monopoly Co Ltd acquires Harbin Yuchai Marketing Co Ltd from Guangxi Yuchai Logistics Group |
| Price: | $48.00 |
| Publication Date: | Apr 17, 2008 |
| Abstract: | CHINA - Yuchai Machinery Monopoly Co Ltd (YM), a majority-owned unit of China Yuchai International Ltd, acquired the remaining 74% interest, which it did not already own, in Harbin Yuchai Marketing Co Ltd, a diesel engine spare parts wholesaler, from its joint venture partner, Guangxi Yuchai Logistics Group Co Ltd, for 0.108 mil Chinese yuan ($0.016 mil US) in cash. Concurrently, YM agreed to acquire the remaining 50% interest in Guiyang Yuchai Machinery Monopoly Co Ltd, the remaining 65.3% interest in Zhengzhou Yuchai Marketing Co Ltd, and the remaining 90% interest in Hainan Yuchai Marketing Co Ltd. The transactions were approved by the board of directors. |
| Acquirer: | Yuchai Mach Monopoly Co Ltd |
| Acquirer Business Discription: | Whl diesel engine spare parts |
| Acquirer Ultimate Parent: | China Yuchai International Ltd |
| Acquirer SIC Code: | 5084 - Industrial machinery and equipment |
| Target Name: | Harbin Yuchai Marketing Co Ltd |
| Target Business Description: | Whl diesel engine spare parts |
| Target Ultimate Parent: | Guangxi Yuchai Logistics Group |
| Target SIC Code: | 5084 - Industrial machinery and equipment |
| Please Note: | Target Financials are not included in this report.
Transaction Statistics are not included in this report. |
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