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Stock Market & Financial Investment News

News Breaks
July 2, 2014
06:25 EDTCAT, CYDChina Yuchai to acquire full control of remanufacturing JV
China Yuchai (CYD) announced that its main operating subsidiary, Guangxi Yuchai Machinery Company Limited, or GYMCL, has entered into an equity transfer agreement to restructure the ownership of its joint venture company - Yuchai Remanufacturing Services (Suzhou) Co., Ltd., or YRC. Pursuant to the agreement, Caterpillar Investment (CAT) will transfer its entire 49% equity ownership in YRC to GYMCL, bringing GYMCL's equity ownership to 100%. As a result, YRC will become a wholly-owned subsidiary of GYMCL. No financial terms are disclosed, as the total consideration is nominal to China Yuchai's balance sheet. The transaction is subject to approval by the Suzhou Bureau of Commerce.
News For CYD;CAT From The Last 14 Days
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February 5, 2016
06:23 EDTCAT20 companies make alliance to keep down healthcare costs, WSJ says
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February 4, 2016
15:59 EDTCATOptions Update; February 4, 2016
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