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May 30, 2013 – China Yuchai International Limited (NYSE: CYD) (“China Yuchai” or the “Company”) announced today that its main operating subsidiary, Guangxi Yuchai Machinery Company Limited (“GYMCL”) further to the receipt of approval from China’s National Association of Financial Market Institutional Investors (“NAFMII”) for the issuance of Rmb denominated 3-year unsecured medium-term notes (“Notes”) amounting to Rmb 1.6 billion had, on May 28, 2013 issued the first tranche of the Notes amounting to Rmb 1 billion. The par value and issue price of each Note is Rmb 100. The fixed annual interest payable on the Notes is 4.69% which is the rate as of May 30, 2013. The maturity date of the Notes is May 30, 2016.
Subscription to and trading of the Notes is only available in China to institutional investors of China’s National Inter-bank Bond Market. The first tranche of the Notes was underwritten by China CITIC Bank Corporation Limited. The proceeds from the issuance of the Notes are to be used by GYMCL to repay bank loans and for working capital purposes. It is believed that the issuance of the Notes is a cost-effective option of raising capital given that China’s benchmark one-year lending rate is at 6%.
This press release does not constitute an offer of
securities for sale in the United States, and securities may not be offered or
sold in the United States absent registration or an exemption from
registration. The Company does not intend to register any portion of the Notes
issue referred to above in the United States or to conduct a public offering in
the United States. Any public offering of securities to be made in the United
States will be by means of a prospectus that can be obtained from the Company
and that will contain detailed information about the Company and management, as
well as financial statements.
...Last Done: $1.70...
...Married Deal: Vol: 154 Value: $252,560 ie $1.640/share Prev Close: $1.640...
...also less often to see married deal from HL Asia....
HL Asia will be announcing its results for the first quarter ended 31 March 2013 on 15 May 2013, ie today.... last done: $1.74...
China Yuchai International Announces Unaudited First Quarter 2013 Financial Results on 13 May 2013
Financial highlights for the first quarter of 2013
- Net revenue was RMB 3.84 billion (US$ 613.1 million) compared with RMB 3.68 billion in the first quarter of 2012
- Gross profit was RMB 777.3 million (US$ 124.0 million), a 20.2% gross margin compared with 21.2% in the same quarter a year ago
- Operating profit was RMB 338.9 million (US$ 54.1 million) compared with RMB 347.2 million in the same quarter a year ago
- Net earnings attributable to China Yuchai’s shareholders were RMB 173.5 million (US$ 27.7 million) compared with RMB 167.9 million in the first quarter of 2012
- Earnings per share were RMB 4.66 (US$ 0.74) compared with RMB 4.50 for the same quarter in 2012
- Total number of engines sold were 130,744 compared with 131,697 in the first quarter of 2012
- Cash and bank balances were RMB 3.27 billion (US$ 521.3 million) compared with RMB 3.16 billion as of December 31, 2012.
...has been on sideways movement (from ~$1.60 to ~$1.80) for one year or so...
.... now last done: $1.70.... on the way toward $1.80....
guoyanyunyan ( Date: 18-Dec-2012 09:52) Posted:
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Ernnn, 1 day up 2 cents . good enough.
Results next month?? March ??
Very likely to go above $1.80.
john_ric ( Date: 04-Feb-2013 17:09) Posted:
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john_ric ( Date: 04-Feb-2013 17:09) Posted:
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The recent profit warning is for financial year ended 31 Dec 2012, a lot already reflected in previous quarterly reports.
The sell down probably from some panic seller, which provide a good opportunity to enter.
Very likely to go back to $1.8x.
Invest a lot in china.
if china recovers, it should be 1 of the beneficiaries.
may be can bet some??
profit warning but still got profit.
range bound 1.65 to 1.8+.
can trade between this range.
OR don't touch it at all???????
Touch $1.805 on 07/2012 and soften to lowest $1.64 then
Touch $1.825 on 09/2012 and soften to lowest $1.58 then
Today $1.83, will it repeat the pattern towards $1.60….
not likely … count on China market… kiv…
seems to have some buying interest in HL Asia. It may break above $1.825 if true...
HL Asia is known to be " S-chip" with Singapore management.