SCHEDULE 13D/A

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

Schedule 13D

Under the Securities Exchange Act of 1934

(Amendment No. 17)*

 

 

China Yuchai International Limited

(Name of Issuer)

Common Stock, Par Value $0.10 Per Share

(Title of Class of Securities)

G210821050

(CUSIP Number)

Mr. Leong Kok Ho

Chief Financial Officer

Hong Leong Asia Ltd.

16 Raffles Quay

#26-00 Hong Leong Building

Singapore 048581

65-62208411

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

June 29, 2016

(Date of Event which Requires Filing of this Statement)

 

 

If the filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box.  ¨

 

 

Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7 for other parties to whom copies are to be sent.

 

 

 

* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 

 

 


CUSIP No. G210821050   Page 2 of 12

 

  1   

NAMES OF REPORTING PERSONS

 

Well Summit Investments Limited (“Well Summit”)

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

(a)  ¨        (b)  ¨

 

  3  

SEC USE ONLY

 

  4  

SOURCE OF FUNDS (SEE INSTRUCTIONS)

 

AF

  5  

CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)    ¨

 

  6  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Hong Kong

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

 

     7   

SOLE VOTING POWER

 

0

     8   

SHARED VOTING POWER

 

6,840,594 shares*

     9   

SOLE DISPOSITIVE POWER

 

0

   10   

SHARED DISPOSITIVE POWER

 

6,840,594 shares*

11  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

6,840,594 shares*

12  

CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)    ¨

 

13  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

16.8%

14  

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

CO

 

* See Item 5 of this Schedule.


CUSIP No. G210821050   Page 3 of 12

 

  1   

NAMES OF REPORTING PERSONS

 

Hong Leong (China) Limited (“HLC”)

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

(a)  ¨        (b)  ¨

 

  3  

SEC USE ONLY

 

  4  

SOURCE OF FUNDS (SEE INSTRUCTIONS)

 

AF

  5  

CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)    ¨

 

  6  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Singapore

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

 

     7   

SOLE VOTING POWER

 

0

     8   

SHARED VOTING POWER

 

9,520,251 shares*

     9   

SOLE DISPOSITIVE POWER

 

0

   10   

SHARED DISPOSITIVE POWER

 

9,520,251 shares*

11  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

9,520,251 shares*

12  

CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)    ¨

 

13  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

23.4%**

14  

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

CO

 

* See Item 5 of this Schedule.
** In addition to the 9,520,251 shares of common stock of China Yuchai International Limited (“CYI”) beneficially owned by it through HL Technology Systems Pte Ltd, HLC also controls a special share of CYI through HL Technology Systems Pte Ltd. As discussed in Item 6 of Amendment No. 2 to Schedule 13D filed with the Securities and Exchange Commission on July 19, 2002, the special share entitles the holder thereof to select a majority of CYI’s board of directors.


CUSIP No. G210821050   Page 4 of 12

 

  1   

NAMES OF REPORTING PERSONS

 

HL Technology Systems Pte Ltd (“HLT”)

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

(a)  ¨        (b)  ¨

 

  3  

SEC USE ONLY

 

  4  

SOURCE OF FUNDS (SEE INSTRUCTIONS)

 

AF

  5  

CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)    ¨

 

  6  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Singapore

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

 

     7    

SOLE VOTING POWER

 

0

     8   

SHARED VOTING POWER

 

9,520,251 shares*

     9   

SOLE DISPOSITIVE POWER

 

0

   10   

SHARED DISPOSITIVE POWER

 

9,520,251 shares*

11  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

9,520,251 shares*

12  

CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)    ¨

 

13  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

23.4%**

14  

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

CO

 

* See Item 5 of this Schedule.
** In addition to the 9,520,251 shares of common stock of CYI owned by it, HLT also owns a special share of CYI. As discussed in Item 6 of Amendment No. 2 to Schedule 13D filed with the Securities and Exchange Commission on July 19, 2002, the special share entitles the holder thereof to select a majority of CYI’s board of directors.


CUSIP No. G210821050   Page 5 of 12

 

  1   

NAMES OF REPORTING PERSONS

 

Hong Leong Asia Ltd. (“HLA”)

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

(a)  ¨        (b)  ¨

 

  3  

SEC USE ONLY

 

  4  

SOURCE OF FUNDS (SEE INSTRUCTIONS)

 

AF    BK    WC

  5  

CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)    ¨

 

  6  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Singapore

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

 

     7   

SOLE VOTING POWER

 

0

     8   

SHARED VOTING POWER

 

16,360,845 shares*

     9   

SOLE DISPOSITIVE POWER

 

0

   10   

SHARED DISPOSITIVE POWER

 

16,360,845 shares*

11  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

16,360,845 shares*

12  

CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)    ¨

 

13  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

40.2%**

14  

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

CO

 

* See Item 5 of this Schedule.
** In addition to the 9,520,251 shares of common stock of CYI beneficially owned by it through HLT and 6,840,594 shares of common stock of CYI beneficially owned by it through Well Summit, HLA also controls a special share of CYI through HLT. As discussed in Item 6 of Amendment No. 2 to Schedule 13D filed with the Securities and Exchange Commission on July 19, 2002, the special share entitles the holder thereof to select a majority of CYI’s board of directors.


  Page 6 of 12

This Amendment No. 17 amends the Schedule 13D previously filed with the Securities and Exchange Commission by Hong Leong Asia Ltd. on June 19, 1995, as amended by Amendment No. 1 to Schedule 13D filed on February 17, 1998, as subsequently amended and restated by Amendment No. 2 to Schedule 13D filed on July 19, 2002, as further amended by Amendment No. 3 to Schedule 13D filed on September 10, 2003, as further amended by Amendment No. 4 to Schedule 13D filed on October 7, 2003, as further amended by Amendment No. 5 to Schedule 13D filed on October 15, 2003, as further amended by Amendment No. 6 to Schedule 13D filed on November 28, 2003, as further amended by Amendment No. 7 to Schedule 13D filed on October 27, 2009, as further amended by Amendment No. 8 to Schedule 13D filed on October 28, 2009, as further amended by Amendment No. 9 to Schedule 13D filed on August 30, 2010, as further amended by Amendment No. 10 to Schedule 13D filed on May 25, 2011, as further amended by Amendment No. 11 to Schedule 13D filed on June 7, 2011, as further amended by Amendment No. 12 to Schedule 13D filed on August 12, 2011, as further amended by Amendment No. 13 to Schedule 13D filed on August 23, 2011, as further amended by Amendment No. 14 to Schedule 13D filed on November 22, 2011, as further amended by Amendment No. 15 to Schedule 13D filed on July 14, 2014 and as further amended by Amendment No. 16 to Schedule 13D filed on July 16, 2015 (as so amended, the “Statement”) with respect to the common stock, par value US$0.10 per share (the “Common Stock”), of China Yuchai International Limited, a Bermuda corporation (“CYI”). Capitalized terms used but not defined herein have the meanings given to them in the Statement.

 

Item 2      Identity and Background
     Item 2 is hereby restated in its entirety by the following:
     This statement is being filed by the following persons (each a “Reporting Person” and, collectively, the “Reporting Persons”):
    

Hong Leong Asia Ltd. (“HLA”),

HL Technology Systems Pte Ltd (“HLT”),

Hong Leong (China) Limited (“HLC”), and

Well Summit Investments Limited (“Well Summit”).

     Each of HLA, HLT and HLC are organized under the laws of Singapore. Well Summit is organized under the laws of Hong Kong.
     The address of the principal business and principal office of each of HLA and HLT is 16 Raffles Quay, #26-00 Hong Leong Building, Singapore 048581. The addresses of the principal business and principal office of HLC are 82 Ubi Avenue 4, #06-03, Edward Boustead Centre, Singapore 408832 and 16 Raffles Quay, #26-00 Hong Leong Building, Singapore 048581, respectively. The address of the principal business and principal office of Well Summit is Unit 606, 6th Floor, Alliance Building, 133 Connaught Road Central, Hong Kong.
     HLC is a diversified company that owns companies engaged in a variety of businesses including manufacturing and distribution of consumer products, diesel engines and related products, and industrial packaging products as well as investment holding and dealing. In addition to the above businesses owned by HLC, HLA also owns companies engaged in manufacturing and distribution of air-conditioning systems and building materials. Well Summit and HLT are investment holding companies.
     Set forth on Schedule I is the information required by General Instruction C to Schedule 13D, which schedule is incorporated herein by reference. Each of the persons named in Schedule I is hereinafter referred to as a “Related Person” and, collectively, the “Related Persons”.
     During the past five years, none of the Reporting Persons or Related Persons (i) has been convicted in any criminal proceeding (excluding traffic violations or similar misdemeanors) or (ii) was a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.
Item 4.      Purpose of Transaction.
     Item 4 is hereby amended and supplemented by inserting the following text.
     On May 12, 2016, the Board of Directors of CYI declared a dividend for the financial year ended December 31, 2015 through which holders of Common Stock could elect to receive a dividend of US$0.85 per share of Common Stock, either wholly in cash or in new shares of Common Stock. HLT and Well Summit each chose to receive the dividend in new shares of Common Stock and, consequently on June 29, 2016, each was allotted Common Stock in lieu of receiving a cash payment.


  Page 7 of 12

 

Item 5      Interest in Securities of the Issuer
     Items 5(a) and (b) of the Schedule are hereby amended and restated in their entirety as follows:
     (a) and (b) As of June 29, 2016, each of the Reporting Persons beneficially owns the number and percentage of shares of Common Stock of CYI issued and outstanding listed opposite its name:

 

Reporting Person

   Amount
beneficially
owned
     Percent of
class (1)
    Sole power
to vote or
to direct
the vote
     Shared
power to
vote or to
direct the
vote
     Sole power
to dispose
or to
direct the
disposition
of
     Shared
power to
dispose or
to direct the
disposition
of
 

Well Summit Investments Limited

     6,840,594         16.8     0         6,840,594         0         6,840,594   

HL Technology Systems Pte Ltd

     9,520,251         23.4     0         9,520,251         0         9,520,251   

Hong Leong (China) Limited

     9,520,251         23.4     0         9,520,251         0         9,520,251   

Hong Leong Asia Ltd.

     16,360,845         40.2     0         16,360,845         0         16,360,845   

 

  (1) Based on 40,712,100 shares of Common Stock of CYI issued and outstanding as of June 29, 2016.

 

    

HLT owns of record 9,520,251 shares of Common Stock, which represents approximately 23.4% of the 40,712,100 outstanding shares of Common Stock reported in CYI’s announcement dated June 28, 2016 on Form 6-K (Report of Foreign Private Issuer), submitted to the Securities and Exchange Commission on June 28, 2016 (the “June 28, 2016 CYI Announcement”). HLT also holds the Special Share described in Item 6 of Amendment No. 2 to Schedule 13D filed with the Securities and Exchange Commission on July 19, 2002.

    

Well Summit owns of record 6,840,594 shares of Common Stock, which represents approximately 16.8% of the 40,712,100 outstanding shares of Common Stock reported in the June 28, 2016 CYI Announcement.

    

HLC has an indirect interest in the 9,520,251 shares of Common Stock directly owned by HLT, which represents approximately 23.4% of the 40,712,100 outstanding shares of Common Stock reported in the June 28, 2016 CYI Announcement.

    

The 16,360,845 shares of Common Stock beneficially owned by HLA represents approximately 40.2% of the 40,712,100 outstanding shares of Common Stock reported in the June 28, 2016 CYI Announcement.

     Shares held of record by HLT. HLT (together with HLC by virtue of its ownership of HLT and HLA by virtue of its ownership of HLC) has shared voting and dispositive power over the 9,520,251 shares of Common Stock owned by HLT and the Special Share described in Item 6 of Amendment No. 2 to Schedule 13D filed with the Securities and Exchange Commission on July 19, 2002.
     Shares held of record by Well Summit. Well Summit (together with HLA by virtue of its ownership of Well Summit) has shared voting and dispositive power over the 6,840,594 shares of Common Stock owned by Well Summit.
     Item 5(c) of the Schedule is hereby amended as follows:
    

(c) On May 12, 2016 the Board of Directors of CYI declared a dividend for the financial year ended December 31, 2015 through which holders of Common Stock could elect to receive a dividend of US$0.85 per share of Common Stock, either wholly in cash or in new shares of Common Stock. HLT and Well Summit each chose to receive the dividend in new shares of Common Stock, which were allotted as follows:

 

Date of Allotment

   No. of Shares of
Common Stock Allotted
     Price per
Share Allotted (US$)
     Manner of Allotment  

HLT:

        

June 29, 2016

    
681,581
  
     11.0227         Dividend   

Well Summit:

        

June 29, 2016

     489,736         11.0227         Dividend   

 

     Except as set forth above, none of the Reporting Persons has effected any transaction in shares of Common Stock during the past 60 days.
Item 7      Material to be Filed as Exhibits
     Joint Filing Agreement, dated August 30, 2010, among Hong Leong Asia Ltd., HL Technology Systems Pte Ltd, Hong Leong (China) Limited and Well Summit Investments Limited (incorporated herein by reference to Exhibit 7 to Amendment No. 9 to Schedule 13D filed with the Securities and Exchange Commission on August 30, 2010).


  Page 8 of 12

SIGNATURE

After reasonable inquiry and to the best of his or her knowledge and belief, each of the undersigned certifies that the information in this statement is true, complete and correct.

 

Dated: July 5, 2016     HONG LEONG ASIA LTD.
    By:  

/s/ Philip Ting Sii Tien

    Name:   Philip Ting Sii Tien
    Title:   Director and Chief Executive Officer
    HL TECHNOLOGY SYSTEMS PTE LTD
    By:  

/s/ Philip Ting Sii Tien

    Name:  

Philip Ting Sii Tien 

    Title:   Director
    HONG LEONG (CHINA) LIMITED
    By:  

/s/ Philip Ting Sii Tien

    Name:  

Philip Ting Sii Tien 

    Title:   Director
    WELL SUMMIT INVESTMENTS LIMITED
    By:  

/s/ Philip Ting Sii Tien

    Name:   Philip Ting Sii Tien
    Title:   Director


  Page 9 of 12

Exhibit Index

 

Exhibit 7    Joint Filing Agreement, dated August 30, 2010, among Hong Leong Asia Ltd., HL Technology Systems Pte Ltd, Hong Leong (China) Limited and Well Summit Investments Limited (incorporated herein by reference to Exhibit 7 to Amendment No. 9 to Schedule 13D filed with the Securities and Exchange Commission on August 30, 2010)


Page 10 of 12

SCHEDULE I

The following is a list of the directors and executive officers of the Reporting Persons:

DIRECTORS AND EXECUTIVE OFFICERS

OF WELL SUMMIT INVESTMENTS LIMITED

 

Name

  

Business Address

   Principal Occupation    Citizenship
Directors         
Kwek Leng Peck   

16 Raffles Quay #26-00

Hong Leong Building

Singapore 048581

   Executive Director    Singapore
Philip Ting Sii Tien   

16 Raffles Quay #26-00

Hong Leong Building

Singapore 048581

   Chief Executive Officer    Malaysia/Singapore
Permanent Resident

Executive Officers

Nil

DIRECTORS AND EXECUTIVE OFFICERS

OF HL TECHNOLOGY SYSTEMS PTE LTD

 

Name

  

Business Address

   Principal Occupation    Citizenship
Directors         
Kwek Leng Peck   

16 Raffles Quay #26-00

Hong Leong Building

Singapore 048581

   Executive Director    Singapore
Philip Ting Sii Tien   

16 Raffles Quay #26-00

Hong Leong Building

Singapore 048581

   Chief Executive Officer    Malaysia/Singapore
Permanent Resident
Hoh Weng Ming   

16 Raffles Quay #39-01A

Hong Leong Building

Singapore 048581

   President of CYI    Malaysia/Singapore
Permanent Resident

Executive Officers

Nil


Page 11 of 12

DIRECTORS AND EXECUTIVE OFFICERS

OF HONG LEONG (CHINA) LIMITED

 

Name

  

Business Address

   Principal Occupation    Citizenship
Directors         
Kwek Leng Beng   

9 Raffles Place #61-00

Republic Plaza

Singapore 048619

   Chairman /
Company Director
   Singapore
Kwek Leng Peck   

16 Raffles Quay #26-00

Hong Leong Building

Singapore 048581

   Executive Director    Singapore
Philip Ting Sii Tien   

16 Raffles Quay #26-00

Hong Leong Building

Singapore 048581

   Chief Executive Officer    Malaysia/Singapore
Permanent Resident
Hoh Weng Ming   

16 Raffles Quay #39-01A

Hong Leong Building

Singapore 048581

   President of CYI    Malaysia/Singapore
Permanent Resident

Executive Officers

Nil


Page 12 of 12

DIRECTORS AND EXECUTIVE OFFICERS

OF HONG LEONG ASIA LTD.

 

Name

  

Residential/Business Address

   Principal Occupation    Citizenship

Directors

        
Kwek Leng Beng    9 Raffles Place #61-00
Republic Plaza
Singapore 048619
   Chairman /

Company Director

   Singapore
Kwek Leng Peck    16 Raffles Quay #26-00
Hong Leong Building
Singapore 048581
   Executive Director    Singapore
Philip Ting Sii Tien    16 Raffles Quay #26-00
Hong Leong Building
Singapore 048581
   Chief Executive Officer    Malaysia/Singapore
Permanent Resident
Ernest Colin Lee    9 Gleneagle Street
Kenmore Qld 4069
Australia
   Consultant    Australia
Goh Kian Hwee    9 Battery Road
#25-01 Straits Trading Building
Singapore 049910
   Lawyer    Singapore
Tan Huay Lim    109 Tai Keng Gardens
Singapore 535390
   Company Director    Singapore

Kwong Ka Lo @

Caroline Kwong

   27 Claymore Road
#03-03 The Claymore
Singapore 229544
   Corporate Financier    Singapore
Executive Officers         
Kwek Leng Peck    16 Raffles Quay #26-00
Hong Leong Building
Singapore 048581
   Executive Director    Singapore
Philip Ting Sii Tien    16 Raffles Quay #26-00
Hong Leong Building
Singapore 048581
   Chief Executive Officer    Malaysia/Singapore
Permanent Resident
Leong Kok Ho    16 Raffles Quay #26-00
Hong Leong Building
Singapore 048581
   Chief Financial Officer    Singapore