本文发表在 rolia.net 枫下论坛26 August 2003
CHINA YUCHAI RESOLVES US$29.7 MILLION DIVIDEND DISPUTE
Legal actions withdrawn
Singapore, August 4, 2003 - China Yuchai International Limited ("CYI") has
received today, US$29.7 million in dividends owed to it by its Chinese operating
subsidiary, Guangxi Yuchai Machinery Company Limited ("Yuchai").
A Form 6K announcement containing the attached information will be released to
the Securities & Exchange Commission today.
"We are happy that a resolution has been reached. Most importantly, CYI has
rightfully obtained its share of the August 2002 dividend and our two senior
financial managers have returned to their positions, just two months after legal
actions were taken. As a result, all legal actions will be discontinued. Both
parties have agreed to fully support the developments of Yuchai and to explore
all opportunities to increase shareholders' value," said Mr Wrix Gasteen,
President of CYI.
Mr Gasteen added that CYI would be announcing its first half 2003 financial
results on 26 August 2003.
"In order to provide more frequent information to investors, CYI will commence
reporting its financial performance on a quarterly basis, commencing quarter
three this year," said Mr Gasteen.更多精彩文章及讨论,请光临枫下论坛 rolia.net
CHINA YUCHAI RESOLVES US$29.7 MILLION DIVIDEND DISPUTE
Legal actions withdrawn
Singapore, August 4, 2003 - China Yuchai International Limited ("CYI") has
received today, US$29.7 million in dividends owed to it by its Chinese operating
subsidiary, Guangxi Yuchai Machinery Company Limited ("Yuchai").
A Form 6K announcement containing the attached information will be released to
the Securities & Exchange Commission today.
"We are happy that a resolution has been reached. Most importantly, CYI has
rightfully obtained its share of the August 2002 dividend and our two senior
financial managers have returned to their positions, just two months after legal
actions were taken. As a result, all legal actions will be discontinued. Both
parties have agreed to fully support the developments of Yuchai and to explore
all opportunities to increase shareholders' value," said Mr Wrix Gasteen,
President of CYI.
Mr Gasteen added that CYI would be announcing its first half 2003 financial
results on 26 August 2003.
"In order to provide more frequent information to investors, CYI will commence
reporting its financial performance on a quarterly basis, commencing quarter
three this year," said Mr Gasteen.更多精彩文章及讨论,请光临枫下论坛 rolia.net