China Yuchai, the NYSE-listed subsidiary of Mainboard-listed Hong Leong Asia, announced that one of its indirect subsidiaries is considering a potential listing on a foreign stock exchange.
The subsidiary has begun preparatory work for the listing, which is in its preliminary stages. The potential listing will depend on the results of the due diligence conducted and other work including any corporate reorganisation, requisite approvals from the relevant regulatory authorities being obtained as well as the then-prevailing market conditions.
China Yuchai adds that there is no certainty or assurance that the Potential Listing will materialise in due course or at all.
For the 1HFY2025 ended June 30, China Yuchai’s revenue grew by 30.8% y-o-y due to the higher number of powertrain units sold.
As at 10.11pm, shares in China Yuchai is trading 18 US cents lower or 0.58% down at US$31.09 ($39.88) on Aug 25.
