Fenglong Asia plans to spin off its subsidiary Guangxi Yuchai Ship Electric Power for a Hong Kong listing | Lianhe Zaobao
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Fenglong Asia announced that its indirect subsidiary Guangxi Yuchai Ship Electric Power has applied for listing in Hong Kong. Fenglong Asia holds 48.7% of China Yuchai International, which is listed on the New York Stock Exchange. Fenglong Asia submitted a spin-off listing application to the Singapore Exchange, which has been confirmed as "no comments," but still requires regulatory approval. It is expected that this spin-off will not require shareholder approval, but it is still uncertain whether it can be realized
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