China Yuchai divests entire 70% stake in engine subsidiary
Company studying financial implications of divesture
China Yuchai International announced that Guangxi Yuchai Machinery Company Limited (GYMCL), its main operating subsidiary, has divested its entire 70% stake in Jining Yuchai Engine Company Limited, its joint-venture with Zhejiang Geely Holding Group, for an undisclosed amount, according to a press release.
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