Yuchai enters into Loan agreement with HLGE
China Yuchai International Limited ("China Yuchai" or the "Company"), announced last week that its wholly owned subsidiary Venture Lewis Limited ("VLL") has entered into a loan agreement with HL Global Enterprises Limited ("HLGE") to refinance the zero coupon, unsecured, non-convertible bonds ("Bonds") issued in 2006 and due to mature on July 3, 2009 ("Maturity Date").
The amount of the Bonds held by VLL to be redeemed on Maturity Date is S$103,895,294 comprising S$87,010,673 in principal amount plus a gross redemption yield of S$16,884,621. Another wholly owned subsidiary of China Yuchai, Grace Star Services Ltd. ("Grace Star"), currently owns 45.39% of the issued ordinary shares of HLGE. VLL and Grace Star had commencing from February 2006, acquired a combination of debt and equity securities in HLGE, which is listed on the Main Board of the Singapore Exchange Securities Trading Limited.
Views:0
- Yuchai Sets New Record for Engine Exports in January 2025-02-11
- Yuchai's Hybrid Mining Trucks to be Exported to Peru 2025-01-03
- Foton Starglory Power (Xinghui) Brand Launch 2024-10-31
- Yuchai Signs Strategic Cooperation Agreement with FUTA Group 2024-09-03
- Yuchai Opens Its First Overseas Factory in Thailand 2024-08-21
- Yuchai's Engine Sales in North-west Africa Jumped 74.5% YOY in Jan. to Aug. 2022-09-21
- Yuchai Exports Went Up 49% YOY in First Eight Month of 2022 2022-09-13
- Yuchai Ignites China’s Largest and Most Powerful Hydrogen-fueled Engine 2022-07-14
- Yuchai Launches Its Internal Combustion Engine Fueled with Hydrogen 2021-12-24
- LIUGONG Mining Trucks Powered by Yuchai Engines to Be Exported to South America 2021-10-11
Submit Your Requirements, We Are Always At Your Service.
- FAW TRUCKS Expands Global Reach with Australian Partnership
- Foton Leads in February Heavy-Duty Truck Sales with Upgraded Products
- Dongfeng Introduces 2025 New Products and Technologies to Global Dealers
- GAC Hino Showcases New Models at 2025 GAC Int'l Partner Conference
- Foton and Teld New Energy Form JV to Drive New Energy Heavy Truck Development
- JMC Overseas Sales Surge
- Indonesian Ambassador to China Visits Shaanxi Automobile
- FOTON Launches the "Auman Galaxy Global Experience Tour"
- Geely Expands into Pakistan with New Partnership
- Zhizi Auto Successfully Holds 2025 Product Launch Event
- China's New Energy Heavy Trucks See Record Sales in 2024
- January Heavy Truck Sales Drop 28% YoY to 70,000 Units
- November 2024: Heavy Truck Sales Hit New Highs
- November 2024: New Energy Light Truck Sales Hit 14,000 Units in China
- November 2024 Sees Surge in New Energy Heavy Trucks in China
- Heavy Truck Sales Reached 56,000 units in First Three Quarters 2024
- Heavy Truck Sales in September 2024
- Heavy Truck Sales Reach 59,000 Units in July in China
- Tractor Sales in H1, 2024 Reached 162,100 Units, Up 4%
- China's Truck Export Reaches 351,076 Units in H1 2024
