China Yuchai Secures Control Stake in Fuel-Injection Specialist NYDK to Bolster Powertrain Supply Chain

Hong Leong Asia ( (SG:H22) ) just unveiled an update.

China Yuchai International’s subsidiary Guangxi Yuchai Machinery has acquired a 27.97% equity stake, or 83,918,495 shares, in Nanyue Diankong (Hengyang) Industrial Technology for about RMB 176.2 million in cash, making Yuchai the second-largest shareholder in the fuel-injection specialist. By entering a concerted action agreement with NYDK’s largest shareholder, Hunan Hengyang Auto Parts Factory, Yuchai gains effective operational control, including the right to nominate six of nine directors and appoint the general manager, a move that strengthens its supply chain in critical fuel injection components and is likely to deepen vertical integration and enhance competitiveness in its core powertrain business.

The most recent analyst rating on (SG:H22) stock is a Hold with a S$2.00 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, through its main subsidiary Guangxi Yuchai Machinery Company Limited, is one of China’s leading powertrain solution providers, designing, manufacturing, assembling and selling a broad range of light-, medium- and heavy-duty engines for trucks, buses, pickups, construction and agricultural machinery, as well as marine and power generation applications. Its portfolio spans diesel, natural gas and new-energy powertrains, including pure electric, range extenders, hybrid and fuel cell systems, supported by an extensive sales and service network across China and overseas markets, where it has built a strong brand, significant domestic market share, and sold 356,586 engines in 2024.

Average Trading Volume: 1,428,103

Technical Sentiment Signal: Buy

Current Market Cap: S$1.96B

See more data about H22 stock on TipRanks’ Stock Analysis page.