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 persons 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 CYIs 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 CYIs 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 CYIs 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 CYIs 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 |