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Equity Acquisition of Nanyue Diankong (Hengyang) Industrial Technology
Prnewswire· 2026-01-12 11:00
Core Viewpoint - China Yuchai International Limited has acquired a 27.97% equity interest in Nanyue Diankong (Hengyang) Industrial Technology Company Limited for approximately RMB 176.2 million, enhancing its operational control and supply chain in key components for powertrain solutions [1][2]. Group 1: Acquisition Details - Yuchai has acquired 83,918,495 shares of NYDK, becoming the second-largest shareholder [1]. - The acquisition cost was approximately RMB 176.2 million in cash [1]. - Yuchai has entered into a concerted action agreement with Hunan Hengyang Auto Parts Factory, allowing it to secure operational control over NYDK [2]. Group 2: NYDK Overview - NYDK specializes in fuel injection systems, including common rail systems, unit pumps, and mechanical pumps [3]. Group 3: Company Background - China Yuchai, through its subsidiary Guangxi Yuchai Machinery Company Limited, is a leading powertrain solution provider in China, focusing on various engine types for multiple applications [4]. - In 2024, Yuchai sold 356,586 engines, reinforcing its market position [4].