Yuchai has also entered into a concerted action agreement with Hunan Hengyang Auto Parts Factory, the largest shareholder of NYDK.
This agreement will give Yuchai operational control over NYDK, including, among other things, the right to nominate six out of nine directors on NYDK's board of directors and designate its general manager.
The NYDK acquisition enhances Yuchai's supply chain in key components used in its powertrain solutions, says the group.
Shares in Hong Leong Asia closed 4 cents higher or 1.527% up at $2.66 on Jan 12.
