Hong Leong Asia Unit's Subsidiary Eyes Potential IPO

MT Newswires

08/26

An indirect subsidiary of China Yuchai International, an NYSE-listed unit of Hong Leong Asia (SGX:H22), is considering a potential listing, according to a filing with the Singapore Exchange on Monday.

Shares of Hong Leong Asia were down nearly 2% in Tuesday trading.

The subsidiary is eyeing a listing on a foreign exchange and has already begun preparatory work.

However, there is no certainty that the potential listing will materialize.

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