China Yuchai Atlanta Hawks International Announces Receipt of Regulatory
China Yuchai updates atlanta hawks International Announces hawks indicates Receipt of Regulatory Approval forAcquisition of Yulin Hotel CompanySINGAPORE, Jan. 15 /PRNewswire-Asia-FirstCall/ — China YuchaiInternational Limited (NYSE: CYD) (“China Yuchai” or the “Company”), announcedtoday that its subsidiary Guangxi Yuchai Machinery Company Limited (“Guangxi”)has received approval from the provincial government regulatory agency incharge of state-owned assets administration in the PRC for its acquisition ofthe entire equity interest in Guangxi Yulin Hotel Company Ltd (“Yulin HotelCompany”). This approval is required under PRC regulations in order to ensurethat Guangxi has proper title in the shares of Yulin Hotel Company and pendingits receipt, was a major contributing factor in the delay in finalizing the2007 consolidated financial statements as the appropriate accounting treatmentunder U.S GAAP had to be determined. Further details of this transaction canbe found in our announcements dated April 11, 2008 and December 1, 2008.The Company also wishes to advise that under the rules of the New YorkStock Exchange (“NYSE”), it has up to January 15, 2009, to complete and fileits 2007 Annual Report on Form 20-F (“2007 20-F”) with the U.S. Securities andExchange Commission (“SEC”) and return to compliance status. Although theCompany has been working towards this deadline, the receipt of provincialgovernment approval just prior to the filing deadline is a substantialpositive development necessitating an assessment by the Company as to whetheradjustments are now required to be made to its 2007 consolidated financialstatements. As a result, China Yuchai applied for and received a shortextension of time from NYSE, subject to ongoing monitoring and review by NYSE,for the completion and filing of its 2007 20-F with the SEC.About China Yuchai InternationalChina Yuchai International Limited, through its subsidiary, Guangxi YuchaiMachinery Company Limited (“GYMCL”), engages in the manufacture, assembly, andsale of a wide array of light-duty, medium-sized andheavy-duty diesel engines for construction equipment, trucks, buses, and carsin China.
GYMCL also produces diesel power generators, which are primarilyused in the construction and mining industries hawks atlanta schedule . Through its regional salesoffices and authorized customer service centers, the Company distributes itsdiesel engines directly to auto OEMs and retailers and provides maintenanceand retrofitting services throughout China bulls . Founded in 1951, GYMCL hasestablished a reputable brand name, strong research & development team andsignificant market share in China with high-quality products and reliableafter-sales support lakers . In 2007, GYMCL sold approximately 383,000 diesel enginesand was consistently ranked No spurs . 1 in unit sales by China Association ofAutomobile Manufacturers nba.com – hawks . For more information, please visit Harbor StatementThis news release may contain forward-looking statements within themeaning of the Private Securities Litigation Reform Act of 1995. The words”believe,” “expect,” “anticipate,” “project,” “targets,” “optimistic,”"intend,” “aim,” “will” or similar expressions are intended to identifyforward-looking statements.
All statements other than statements of historicalfact are statements that may be deemed forward-looking statements atlanta hawks cheerleading . Theseforward-looking statements are based on current expectations or beliefs,including, but not limited to, statements concerning the Company’s operations,financial performance and condition mavericks . The Company cautions that thesestatements by their nature involve risks and uncertainties, and actual resultsmay differ materially depending on a variety of important factors, includingthose discussed in the Company’s reports filed with the Securities andExchange Commission from time to time basketball . The Company specifically disclaims anyobligation to update theforward-looking information in the future.For more information, please contact: Kevin Theiss / Dixon Chen Grayling Global Tel: +1-646-284-9409 Email: SOURCEChina Yuchai International LimitedKevin Theiss, , or Dixon Chen, , both ofGrayling Global, +1-646-284-9409, for China Yuchai International Limited nuggets Hawks tickets . WASHINGTON, Jan 15 (Reuters) – The U.S.
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