SINGAPORE, June 28, 2016 /PRNewswire/ -- China Yuchai
International Limited (NYSE: CYD) ("China Yuchai" or the "Company")
announced today the results of stockholders' elections in relation
to the dividend declared by its Board of Directors on May 12, 2016. The dividend of US$0.85 per share of common stock for the
financial year 2015 to be made either wholly in cash or in new
shares of CYI's common stock ("Shares") at the option of the
stockholder, will be paid on June 29,
2016 to shareholders of record at the close of business on
May 26, 2016.
Based on the elections by Shareholders, the aggregate dividend
will be paid in the form of approximately US$17.8 million in cash and 1,413,760 Shares. The
number of Shares to be issued per share of common stock was
determined based on the volume weighted average trading prices of
the Company's common stock on the New York Stock Exchange during
the period from June 20 to and
including June 22, 2016 which was
US$11.0227 per Share. Further to the
issuance of 1,413,760 Shares pursuant to the dividend payment, the
Company's outstanding shares of common stock will increase to
40,712,100.
Shareholders who did not make an election or failed to respond
within the given timeline will receive the dividend entirely in
cash. CYI will pay fractional shares in cash which was determined
based on the volume weighted average trading prices of the
Company's common stock on the New York Stock Exchange during the
period from June 20 to and including
June 22, 2016 which was US$ 11.0227 per Share.
About China Yuchai International
China Yuchai International Limited, through its subsidiary,
Guangxi Yuchai Machinery Company Limited ("GYMCL"), engages in the
manufacture, assembly, and sale of a wide variety of light-,
medium- and heavy-duty engines for trucks, buses, passenger
vehicles, construction equipment, marine and agriculture
applications in China. GYMCL also
produces diesel power generators. The engines produced by GYMCL
range from diesel to natural gas and hybrid engines. Through its
regional sales offices and authorized customer service centers, the
Company distributes its engines directly to auto OEMs and retailers
and provides maintenance and retrofitting services throughout
China. Founded in 1951, GYMCL has
established a reputable brand name, strong research and development
team and significant market share in China with high-quality products and reliable
after-sales support. In 2015, GYMCL sold 364,567 engines and is
recognized as a leading manufacturer and distributor of engines in
China. For more information,
please visit http://www.cyilimited.com.
For more information, please contact:
Dixon Chen
Tel: +1-646-726-6511
Email: cyd@bluefocus.com
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SOURCE China Yuchai International Limited