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 07 May 2019 China Yuchai Announces Partial Sale of Shares in Thakral Corporation Ltd
 

Singapore, Singapore –May 7, 2019 - China Yuchai International Limited (NYSE: CYD)(“China Yuchai” or the “Company”) announced today the sale by its indirect subsidiary Venture Delta Limited (“VDL”) of 4,782,764 of VDL’s 10,122,667 voting shares held in Thakral Corporation Ltd (“Thakral”).

Pursuant to the voluntary conditional cash partial offer (the "Partial Offer") made on March 4, 2019 by W Capital Markets Pte. Ltd. for and on behalf of Prime Trade Enterprises Limited (the "Offeror"), to acquire 26,510,000 ordinary shares in the issued and paid-up share capital of Thakral (the “Offer Shares”), VDL tendered an aggregate of 4,782,764 shares in Thakral to the Offeror, comprising:
    i. VDL’s acceptance of the Partial Offer of 28.9 per cent of VDL’s shares in Thakral (comprising 2,925,450 shares) (“Relevant Percentage Offer Shares”); and
   ii. the shares tendered by VDL in excess to the Relevant Percentage Offer Shares and accepted by Offeror under the Partial Offer (comprising 1,857,314 shares) (“Excess Shares”),
    (the Relevant Percentage Offer Shares and Excess Shares collectively referred to as “VDL Total Tendered Shares”).

The cash consideration of S$0.50 per share under the Partial Offer amounts to a total consideration of S$2,391,382 for the 4,782,764 VDL Total Tendered Shares. The transfer of the VDL Total Tendered Shares to the Offeror was completed on April 30, 2019. VDL has consequently ceased to be a substantial shareholder of Thakral, with VDL’s direct interest in Thakral reducing from 7.74% before the transaction to 4.08% after the transaction.