Form 6-K
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13A-16 OR 15D-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
November 22, 2011
Commission File Number 113522
China Yuchai International Limited
(Translation of Registrants name into English)
16 Raffles Quay #26-00
Hong Leong Building
Singapore 048581
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover Form
20-F or Form 40-F.
Form 20-F þ Form 40-F o
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by
Regulation S-T Rule 101(b)(1): o
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by
Regulation S-T Rule 101(b)(7): o
Indicate by check mark whether the Registrant by furnishing the information contained in this Form
is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the
Securities Exchange Act of 1934.
Yes o No þ
If Yes is marked, indicate below the file number assigned to registrant in connection with Rule
12g3-2(b): Not applicable.
TABLE OF CONTENTS
Exhibit Index
99.1 |
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Press release dated November 22, 2011 China Yuchai International Announces Issuance of Short-Term Financing Bonds by its Key Subsidiary |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused
this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Date: November 22, 2011
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CHINA YUCHAI INTERNATIONAL LIMITED
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By: |
/s/ Benny H Goh
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Name: |
Benny H Goh |
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Title: |
President, Acting Chief Financial Officer and Director |
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Exhibit 99.1
Exhibit 99.1
China Yuchai Announces Issuance of Short-Term Financing Bonds
by its Key Subsidiary
Singapore, Singapore November 22, 2011 China Yuchai International Limited (NYSE: CYD) (China
Yuchai or the Company) announced today that its key subsidiary, Guangxi Yuchai Machinery Company
Limited (GYMCL) has received approval from Chinas National Association of Financial Market
Institutional Investors (NAFMII) for the issuance of RMB-denominated, unsecured, short-term
financing bonds (Bonds) amounting to RMB 690 million. The Bonds will be issued on November 22,
2011 and mature on November 23, 2012. The par value and issue price of each Bond is RMB 100.
The Bonds will bear
a fixed annual interest rate of 5.77%. Subscription to and trading of the Bonds
is only available in China to institutional investors of Chinas National Inter-bank Bond Market.
The lead underwriter and bookrunner for the Bonds is the Industrial and Commercial Bank of China.
All the proceeds from the issuance of the Bonds are to be used by GYMCL as working capital in 2011
and 2012. In view of the continued tight monetary policy in China, with the benchmark one-year
lending rate currently at 6.56% and the discount rate for bank bills expected to remain at levels
exceeding 5.77%, GYMCL decided on the Bonds issue as it would lower its financial costs caused by
the tight credit policy in China as well as being a cost-effective method of raising capital.
This latest Bonds issuance is in addition to the RMB 1.7 billion short-term financing bonds issued
by GYMCL in two tranches, in March and July 2011. GYMCL will continue to review its financing
strategy according to changes in the economic environment and government monetary policy.
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 Bonds 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.
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 array of light-duty,
medium-sized and heavy-duty diesel engines for construction equipment, trucks, buses and cars in
China. GYMCL also produces diesel power generators, which are primarily used in the construction
and mining industries. Through its regional sales offices and authorized customer service centers,
the Company distributes its diesel 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 2010, GYMCL sold 551,592 diesel engines and is recognised as a leading manufacturer and
distributor of diesel engines in China. For more information, please visit
http://www.cyilimited.com
Safe Harbor Statement
This news release may contain forward-looking statements within the meaning 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 identify
forward-looking statements. All statements other than statements of historical fact are statements
that may be deemed forward-looking statements. These forward-looking statements are based on
current expectations or beliefs, including, but not limited to, statements concerning the Companys
operations, financial performance and condition. The Company cautions that these statements by
their nature involve risks and uncertainties, and actual results may differ materially depending on
a variety of important factors, including those discussed in the Companys reports filed with the
Securities and Exchange Commission from time to time. The Company specifically disclaims any
obligation to update the forward-looking information in the future.
For more information, please contact:
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Kevin Theiss / Dixon Chen |
Grayling |
Tel:
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+1-646-284-9409 |
Email:
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kevin.theiss@grayling.com |
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dixon.chen@grayling.com |