Yuchai has also entered into a concerted action agreement with Hunan Hengyang Auto Parts Factory, the largest shareholder of NYDK.
China Yuchai International, a subsidiary of mainboard-listed Hong Leong Asia, has acquired 83,918,495 shares of Nanyue Diankong (Hengyang) Industrial Technology Company (NYDK), approximately RMB176.2 million ($32.48 million) in cash.
The company, which is listed on the NYSE, is now the second largest shareholder of NYDK. NYDK is a national high-tech and industry leader specialising in fuel injection systems including common rail systems, unit pumps and mechanical pumps.
