In fact, since the relationship with Singapore's Hong Leong Asia is very subtle, how the Yuchai Group should vote is hard to decide. Because Zhang Donggui, a senior executive who was asked to be removed, is both a director of Yuchai International and president of Singapore's Hong Leong Asia. Public information shows that in 1994 when Yuchai Group sought the overseas listing of its core asset, the diesel engine, Hong Leong Asia, one of the shareholders, put forward a “golden stock†(one vote veto power), and Yuchai Group nodded with approval. The "golden stock" is 15 years. In 2002, Yuchai Machinery Co., Ltd. (core assets of Yuchai International) had received guidance from BOCI International, but in the end there was no result because the foreign party (Hong Leong Group) was unwilling to sign it. However, this statement has not received a formal response from Hong Leong Asia. In addition to the "gold stocks", Hong Leong Asia also has the right to speak on the board seats. Among the 9 members of the board of directors of the listed company, only Fuping and Zhang Shiyong have two directors appointed by China. Most of the other directors are related to Hong Leong Asia. A person from the Xia Fund told CBN that the current director Guo Lingbai is a member of the Kuok family. Director Zhang Donggui is the president of Hong Lelong Asia. Another director, GAN Khai Choon, married Guo Jia's daughter. NEO Poh Kiat is a Singaporean. He Feng Long Asia has a commercial relationship. In recent years, Yuchai International has not been able to effectively finance capital markets. In 2005, it invested in a hotel and electronic distribution company in the form of convertible bonds. "These companies are only associated with Hong Leong Asia," said a Yuchai International minority shareholder. However, the competitive environment for diesel engines is very fierce. At present, with the support of local governments, Yuchai International’s competitors are making big moves. Weichai Power, the largest shareholder of Weichai Power, has teamed up with other companies to establish Shandong Heavy Industries Group, and Sinotruk has also joined forces with German MAN. Therefore, Yuchai Group, which has proposed a sales target of RMB 80 billion in 2015, must make greater breakthroughs. The company intends to continue to raise capital in the capital market. Overseas media quoted Yu Ping, Yuchai Group's chairman and Yuchai International's director, as saying: “For the (Yuchai International) financing, Chinese and foreign parties have achieved a high degree of agreement and both support the financing of listed companies, and Yuchai International will be in the US market in the future. Financing, or return to the A-share market, will make a decision after consulting professionals." Therefore, how the Yuchai Group management should vote at this crucial meeting is crucial to the future development of the Yuchai Group. The fund of the Xia Fund told the reporter that if Yuchai International’s Yuchai Machine is independently listed and listed directly, it is believed that Yuchai International will also be helpful. The source believes that Yuchai International’s stock price is currently seriously undervalued, with a market value of only RMB 2 billion. “However, the market value of Weichai only has RMB 7 billion in market value in Hong Kong, and the value of CNHTC is RMB 10.368 billion. It is much higher than Yuchai International." Automobiles Gear Hobbing Machine Automobiles Gear Hobbing Machine,Helical Gear Hobbing,Gear Grinding Machines,Gear Hobbing And Gear Shaping Zhejiang Toman Intelligent Technology Co., Ltd , https://www.tomanmachines.com