Hong Leong Asia Ltd. Announces Acquisition of Shares - Industry Supplies

Hong Leong Asia Ltd. announced that Yuchai Machinery Monopoly Company Limited (YMMC), a subsidiary of New York Stock Exchange listed China Yuchai International Limited, which in turn is a subsidiary of the Company, has together with several of its subsidiaries set out below, acquired additional shareholding interests in certain companies, from its joint venture partner, Guangxi Yuchai Logistics Group Company Limited (Guangxi Logistics Group) as follows: YMMC, together with its wholly-owned subsidiary, Beijing Jingduo Yuchai Trade Company Limited (Beijing Yuchai) have acquired the remaining 50% equity interests in Guiyang Yuchai Machinery Monopoly Company Limited (Guiyang Yuchai), a 50%-owned associated company of YMMC, for an aggregate consideration of RMB1,112,671. Following the acquisition, YMMC and Beijing Yuchai now hold respectively 90% and 10% equity interests in Guiyang Yuchai, thereby making it a wholly-owned subsidiary of YMMC. YMMC, together with its wholly-owned subsidiary, Hangzhou Yuchai Machinery Monopoly Company Limited (Hangzhou Yuchai) have acquired: 74% equity interest in Harbin Yuchai Marketing Company Limited (Harbin Yuchai), a 26%-owned associated company of YMMC, for an aggregate consideration of RMB107,705; 90% equity interest in Hainan Yuchai Marketing Company Limited (Hainan Yuchai), a 10%-owned company of YMMC, for an aggregate consideration of RMB176,908.