- China Yuchai International Limited CYD operating subsidiary, Guangxi Yuchai Machinery Company Limited (GYMCL), announced a new wholly-owned subsidiary, Guangxi Yuchai Deyou Engine Systems Co., Ltd., incorporated on December 22, 2021, with registered capital of RMB 20 million.
- The new subsidiary, Guangxi Yuchai Deyou Engine Systems, is the successor company of the trading business previously conducted by GYMCL's subsidiary, Guangxi Yuchai Deyou Engine Co., Ltd. (YDEC).
- YDEC will take over the operations of GYMCL's marine and power generation unit under the new name Guangxi Yuchai Marine and Genset Power Co., Ltd.
- Price Action: CYD shares closed higher by 2.18% at $12.16 on Tuesday.
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