---
title: "Fenglong Asia plans to spin off its subsidiary Guangxi Yuchai Ship Electric Power for a Hong Kong listing | Lianhe Zaobao"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/273865637.md"
description: "Fenglong Asia announced that its indirect subsidiary Guangxi Yuchai Ship Electric Power has applied for listing in Hong Kong. Fenglong Asia holds 48.7% of China Yuchai International, which is listed on the New York Stock Exchange. Fenglong Asia submitted a spin-off listing application to the Singapore Exchange, which has been confirmed as \"no comments,\" but still requires regulatory approval. It is expected that this spin-off will not require shareholder approval, but it is still uncertain whether it can be realized"
datetime: "2026-01-27T15:43:47.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/273865637.md)
  - [en](https://longbridge.com/en/news/273865637.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/273865637.md)
---

# Fenglong Asia plans to spin off its subsidiary Guangxi Yuchai Ship Electric Power for a Hong Kong listing | Lianhe Zaobao

Hong Leong Asia announced on Tuesday (January 27) that its indirect subsidiary, Guangxi Yuchai Marine Power Company, has submitted an application in Hong Kong to list on the main board of the Hong Kong Stock Exchange.

China Yuchai International is listed on the New York Stock Exchange (NYSE) in the United States, and Hong Leong Asia holds 48.7% of its shares; Hong Leong Asia is responsible for industrial and trade operations within the Hong Leong Group.

The announcement stated that Hong Leong Asia has submitted an application to the Singapore Exchange (SGX) for the proposed spin-off of Guangxi Yuchai Marine Power for listing in Hong Kong, and the SGX has confirmed "no comments," but reserves the right to amend or change.

Hong Leong Asia expects that this spin-off listing will not require shareholder approval, but it will still depend on the necessary approvals from relevant regulatory agencies and the economic or market conditions at the time, so there is no guarantee that the proposed spin-off plan can ultimately be realized.

#### Further Reading

China Yuchai International Director Wu Qiwai under investigation for serious violations of discipline and law, has resigned from the board Hong Leong Asia subsidiary director detained in China, stock price plummeted by 21.8% at one point

According to the prospectus submitted by Guangxi Yuchai Marine Power Company, China Yuchai International holds a total of 76.41% of the latter's shares through six wholly-owned subsidiaries.

In addition, this company is mainly engaged in the research, development, production, sales, and service of marine engines and power generation systems, supplying diesel and gas engines for ships, oil drilling platforms, and generator sets, with products exported to over 180 countries and regions worldwide.

For the nine months ending September 2025, Guangxi Yuchai Marine Power achieved revenue of approximately RMB 4.967 billion (approximately SGD 900 million) and a net profit of approximately RMB 762 million Fenglong Asia's stock price closed at HKD 3.01 on Tuesday, up 1.01%

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