Hong Leong Asia’s China Yuchai announces possible listing of subsidiary

It adds that there is no certainty the listing will materialise in due course or at all.

China Yuchai International Limited, a subsidiary of Hong Leong Asia, has announced that one of its indirect subsidiaries is considering a potential listing on a foreign stock exchange and has already commenced preparatory work for it.

The proposed listing will depend on the results of the due diligence to be carried out on the subsidiary and other preparatory work to be undertaken, including any corporate reorganisation, requisite approvals from the relevant regulatory authorities, and the market conditions prevailing at the time of listing.

Accordingly, China Yuchai added that there is no certainty or assurance that the potential listing will materialise in due course or at all.