China Yuchai International Ltd., a holding company, manufactures and sells diverse engines for various vehicles and equipment through its Yuchai segment, mainly in China, and also operates in hospitality and property development via its HLGE segment in China and Malaysia. The company, employing 8,579 people, creates engines for trucks, buses, construction equipment, and more, and runs the Copthorne Hotel Cameron Highlands in Malaysia through HLGE.
CYD has been in the news recently: China Yuchai International Limited approved equity incentive and share buyback plans, acquiring a 6.54% interest in MGP for US$3.94 million and repurchasing up to $40 million or 4 million shares. The company's shares increased following the announcement of the buyback plan.
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