Hong Leong Asia's China Yuchai executives detained by Chinese authorities
The reasons for their detention have not been confirmed.
China Yuchai International Limited said that two executives from its main subsidiary, Guangxi Yuchai Machinery Company Limited (Yuchai), have been detained by authorities in China.
The company identified the individuals as Wu Qiwei, a director of China Yuchai and president of Yuchai, and Qin Xiaohong, Yuchai’s former chief accountant.
The reasons for their detention and any related charges have not been confirmed.
Yuchai’s Chairman, Li Hanyang, continues to lead the company, and business operations are proceeding as usual.
Chen Hai, Yuchai’s vice president, is assisting with the president’s duties during Wu’s absence.
China Yuchai said it will provide updates when more information becomes available.