China Yuchai Establishes New Subsidiary

China Yuchai International Limited CYD operating subsidiary, Guangxi Yuchai Machinery Company Limited (GYMCL), announced a new wholly-owned subsidiary, Guangxi Yuchai Deyou Engine Systems Co., Ltd., incorporated on December 22, 2021, with registered capital of RMB 20 million.
The new subsidiary, Guangxi Yuchai Deyou Engine Systems, is the successor company of the trading business previously conducted by GYMCL's subsidiary, Guangxi Yuchai Deyou Engine Co., Ltd. (YDEC).
YDEC will take over the operations of GYMCL's marine and power generation unit under the new name Guangxi Yuchai Marine and Genset Power Co., Ltd.
Price Action: CYD shares closed higher by 2.18% at $12.16 on Tuesday.

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