Guangxi Yuchai Machinery Monopoly Development acquires remaining stake in Hunan Yuchai Machinery Industry

Guangxi Yuchai Machinery Monopoly Development Co. acquired the remaining 49% equity interest in Hunan Yuchai Machinery Industry Co. from joint venture partner Hunan Chengwei Automobile Spare Parts Company for RMB 6,694,500 (approximately $1.03 million), making HYMIC a wholly owned subsidiary.

“As a result of the acquisition, Hunan Yuchai Machinery Industry Co. is now a wholly owned subsidiary of Guangxi Yuchai Machinery Monopoly Development Co.”aftermarketnews.com

• 1 source
• aftermarketnews.comChina Yuchai Announces Increase Of Shareholding In Subsidiary - AftermarketNewsaftermarketNews StaffJan 2, 2018

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