China Yuchai International Limited
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 of the Securities Exchange Act of 1934
For the Month of April 2006
Commission
File Number 1-13522
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
This Report on Form 6-K shall be incorporated by reference in the prospectus, dated March 24, 2004,
of China Yuchai International Limited (the Company or CYI) included in the Companys
Registration Statement (Registration No. 333-111106) on
Form F-3 and to be part thereof from the
date on which this report is filed, to the extent not superseded by documents or reports
subsequently filed or furnished by the Company with the U.S. Securities and Exchange Commission
(the SEC).
Other Events
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Thakral Corporation Limited (TCL) |
On April 5, 2006, Venture Delta Limited (Venture), an indirect wholly-owned subsidiary of CYI,
issued an announcement in Singapore with respect to the securities which Venture holds in TCL, a
company listed on the Singapore Exchange Securities Trading Limited (the SGX-ST). The
announcement was issued following certain queries made by the SGX-ST with TCL concerning the
substantial increase in the trading volume of the shares in the capital of TCL. A copy of the
announcement by Venture is attached hereto as Exhibit 99.1 and incorporated herein by reference.
Exhibits
99.1 |
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Announcement, dated April 5, 2006, by Venture Delta Limited. |
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, thereunder duly authorized.
Date: April 5, 2006
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CHINA YUCHAI INTERNATIONAL LIMITED
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By: |
/s/ Philip Ting Sii Tien
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Name: |
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Philip Ting Sii Tien |
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Title: |
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Chief Financial Officer and Director |
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EXHIBITS INDEX
99.1 |
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Announcement, dated April 5, 2006, by Venture Delta Limited. |
EX-99.1 Announcement by Venture Delta Limited.
EXHIBIT 99.1
FOR IMMEDIATE RELEASE
ANNOUNCEMENT
Venture Delta Limited (Venture), a substantial shareholder of Thakral Corporation Ltd (TCL),
refers to the query from the Singapore Exchange Securities Trading Limited (the SGX-ST) in its
letter dated 3 April 2006 addressed to TCL concerning the substantial increase in the trading
volume of the ordinary shares in the capital of TCL (Shares) on 3 April 2006, which was released
by the SGX-ST on the SGXNET.
Venture is an indirect wholly-owned subsidiary of China Yuchai International Limited (CYI) which
is a company listed on the New York Stock Exchange. CYI is, in turn, a subsidiary of Hong Leong
Asia Ltd (HLA), a Singapore-incorporated company listed on the SGX-ST.
As at the date hereof, Venture owns:-
(a) |
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an aggregate of 369,655,952 Shares1, representing approximately 19.35% of the
total number of Shares in issue2; and |
(b) |
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an aggregate of 52,933,440 unsecured 2% convertible bonds due 2009 in the denomination of
S$0.80 each issued by TCL (Convertible Bonds) which are capable of being converted into an
aggregate of 529,334,400 new Shares, representing approximately 27.71% of the total number of
Shares in issue2. |
If Venture exercises its right to convert the 52,933,440 Convertible Bonds owned by it into new
Shares (the Conversion), this will result in the increase of Ventures shareholding in TCL to an
aggregate of 898,990,352 Shares, representing approximately 36.85% of the total number of Shares in
issue following the Conversion3. In such event, Venture would be required under Rule
14.1(a) and Rule 19 of The Singapore Code on Take-overs and Mergers (the Code) to make mandatory
conditional cash offers (the Offers) for all the Shares and all the Convertible Bonds not already
owned, controlled or agreed to be acquired by Venture, at the price of S$0.08 for each Share and
S$0.80 for each Convertible Bond4.
15,595,997 out of the 369,655,952 Shares are
subject to a call option granted to certain members of the Thakral family (the
Thakral Family Members) pursuant to a scheme of arrangement dated 24 October
2001 in relation to TCL. The 5,595,997 Shares are held by HSBC Institutional
Trust Services (Singapore) Limited (the Share Escrow Agent) in a share escrow
account on trust for Venture pending release to Venture subject to the call
option. Assuming that the call option is not exercised by the Thakral Family
Members, all the 5,595,997 Shares will be released by the Share Escrow Agent to
Venture by 31 August 2006. The beneficial interest in the 5,595,997 Shares were
previously acquired by Venture from ABSA Bank Limited pursuant to a sale and
purchase agreement dated 5 August 2005.
2Based on 1,910,166,168 Shares in issue as at 3 April 2006.
3Based on 2,439,500,568 Shares (taking into
account the 529,334,400 new Shares to be issued pursuant to the Conversion and
assuming that none of the remaining 17,461,464 outstanding Convertible Bonds is
converted and that none of the share options granted under the Thakral
Corporation Employees Share Option Scheme 1997, the Thakral Corporation
Employees Share Option Scheme 2001 and the Thakral Corporation Employees
Share Performance Plan 2001 is exercised).
4 Based on prices paid by Venture for Shares and
Convertible Bonds in the 6 months preceding the date of this announcement.
2
Whilst Venture may from time to time make appropriate preparations to preserve its ability to
exercise its right to convert its Convertible Bonds, there is no assurance that the Board of
Venture (the Venture Board) will exercise the right to convert any or all of its Convertible
Bonds into new Shares that will result in the making of the Offers. Venture also reserves the right
to convert part (but not all) of its Convertible Bonds into new Shares such that Venture holds less
than 30% of the total number of Shares in issue following such conversion, in which event Venture
would not be obliged under the Code to make the Offers.
If and when Venture exercises the right to convert its Convertible Bonds into new Shares that will
result in the making of the Offers, Venture will make an announcement of its firm intention to make
the Offers. Shareholders of TCL should note that the Offers will only be made if the Venture Board
exercises the right to convert its Convertible Bonds such that Venture holds not less than 30% of
the total number of Shares in issue following such conversion. Shareholders of TCL are advised to
exercise caution when dealing in the Shares and the Convertible Bonds.
Nothing in this announcement should be construed as Venture, CYI or HLA having a firm intention to
make an offer for TCL.
Issued by
Venture Delta Limited
5 April 2006