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Hong Leong Asia ( (SG:H22) ) has shared an announcement.
China Yuchai International Limited has increased its stake in HL Global Enterprises Limited from 48.90% to 49.11% by acquiring 200,000 shares at S$0.331 per share. This move enhances China Yuchai’s influence in HLGE, which operates the Copthorne Hotel Cameron Highlands in Malaysia and is listed on the Singapore Exchange. The acquisition reflects China Yuchai’s strategic efforts to strengthen its market position and diversify its interests, potentially impacting its operational dynamics and stakeholder relations.
The most recent analyst rating on (SG:H22) stock is a Hold with a S$2.50 price target. To see the full list of analyst forecasts on Hong Leong Asia stock, see the SG:H22 Stock Forecast page.
More about Hong Leong Asia
China Yuchai International Limited, through its subsidiary Guangxi Yuchai Machinery Company Limited, is a leading powertrain solution provider in China. The company specializes in the design, manufacture, assembly, and sale of a wide range of engines for various applications, including trucks, buses, and marine uses. Yuchai offers a comprehensive portfolio of powertrain solutions, including diesel, natural gas, and new energy products such as electric and hybrid systems. Founded in 1951, Yuchai has a strong market presence in China and has expanded into international markets.
Average Trading Volume: 2,139,360
Technical Sentiment Signal: Buy
Current Market Cap: S$1.83B
For detailed information about H22 stock, go to TipRanks’ Stock Analysis page.