Insider filing report for Changes in Beneficial Ownership
- Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
- Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Schedule 13D
Under the Securities Exchange Act of 1934
(Amendment No. 20)*
China Yuchai International Limited
(Name of Issuer)
Common Stock, Par Value $0.10 Per Share
(Title of Class of Securities)
G210821050
(CUSIP Number)
Mr. Stephen Ho Kiam Kong
Director and Chief Executive 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)
September 18, 2020
(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
8,474,742 shares* | |||||
9 | SOLE DISPOSITIVE POWER
0 | |||||
10 | SHARED DISPOSITIVE POWER
8,474,742 shares* | |||||
11 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
8,474,742 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)
20.7% | |||||
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)
23.3%** | |||||
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)
23.3%** | |||||
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
17,994,993 shares* | |||||
9 | SOLE DISPOSITIVE POWER
0 | |||||
10 | SHARED DISPOSITIVE POWER
17,994,993 shares* | |||||
11 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
17,994,993 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)
44.0%** | |||||
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 8,474,742 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. 20 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, as further amended by Amendment No. 16 to Schedule 13D filed on July 16, 2015, as further amended by Amendment No. 17 to Schedule 13D filed on July 5, 2016, as further amended by Amendment No. 18 to Schedule 13D filed on December 3, 2018, and as further amended by Amendment No. 19 to Schedule 13D filed on April 22, 2020 (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 |
Schedule 1 referred to in Item 2 is hereby amended and restated in its entirety by Schedule 1 hereto.
Item 4 | Purpose of Transaction |
The first and second sentences of Item 4 of the Statement are hereby amended and restated in their entirety as follows:
Of the 17,994,993 shares of Common Stock covered by this Statement, 9,520,251 are owned of record by HLT, and in addition HLT 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. The remaining 8,474,742 shares of Common Stock covered by this Statement are owned of record by Well Summit.
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 September 17, 2020, 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 |
Number of shares of Common Stock 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 |
8,474,742 | 20.7 | % | 0 | 8,474,742 | 0 | 8,474,742 | |||||||||||||||||
HLT |
9,520,251 | 23.3 | % | 0 | 9,520,251 | 0 | 9,520,251 | |||||||||||||||||
HLC |
9,520,251 | 23.3 | % | 0 | 9,520,251 | 0 | 9,520,251 | |||||||||||||||||
HLA |
17,994,993 | 44.0 | % | 0 | 17,994,993 | 0 | 17,994,993 |
Note:
1. | Based on 40,858,290 shares of Common Stock of CYI issued and outstanding as of September 17, 2020, based on information provided by CYI. |
HLT owns of record 9,520,251 shares of Common Stock, which represents 23.3% of the 40,858,290 shares of Common Stock of CYI issued and outstanding as of September 17, 2020, based on information provided by CYI. 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 8,474,742 shares of Common Stock, which represents 20.7% of the 40,858,290 shares of Common Stock of CYI issued and outstanding as of September 17, 2020, based on information provided by CYI.
HLC has an indirect interest in the 9,520,251 shares of Common Stock directly owned by HLT, which represents 23.3% of the 40,858,290 shares of Common Stock of CYI issued and outstanding as of September 17, 2020, based on information provided by CYI.
The 17,994,993 shares of Common Stock beneficially owned by HLA represents 44.0% of the 40,858,290 shares of Common Stock of CYI issued and outstanding as of September 17, 2020, based on information provided by CYI.
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 8,474,742 shares of Common Stock owned by Well Summit.
Item 5(c) of the Schedu le is hereby amended as follows:
Well Summit has effected the following purchase of shares of Common Stock during the 60 days prior to the date hereof:
Date of Purchase |
Number of Shares of Common Stock Purchased |
Average Price per Share Purchased (US$) |
Manner of Purchase | |||||||
August 19, 2020 |
86,858 | 15.80 | Open market transaction | |||||||
August 27, 2020 |
7,000 | 15.99 | Open market transaction | |||||||
August 31, 2020 |
25,600 | 15.96 | Open market transaction | |||||||
September 3, 2020 |
23,085 | 15.95 | Open market transaction | |||||||
September 4, 2020 |
158,989 | 16.49 | Open market transaction | |||||||
September 17, 2020 |
185,400 | 18.07 | Open market transaction |
Except as set forth above, none of the Reporting Persons have 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: September 18, 2020 | HONG LEONG ASIA LTD. | |||||
By: | /s/ Stephen Ho Kiam Kong | |||||
Name: | Stephen Ho Kiam Kong | |||||
Title: | Director and Chief Executive Officer | |||||
HL TECHNOLOGY SYSTEMS PTE LTD | ||||||
By: | /s/ Stephen Ho Kiam Kong | |||||
Name: | Stephen Ho Kiam Kong | |||||
Title: | Director | |||||
HONG LEONG (CHINA) LIMITED | ||||||
By: | /s/ Stephen Ho Kiam Kong | |||||
Name: | Stephen Ho Kiam Kong | |||||
Title: | Director | |||||
WELL SUMMIT INVESTMENTS LIMITED | ||||||
By: | /s/ Kwek Pei Xuan | |||||
Name: | Kwek Pei Xuan | |||||
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 Chairman | Singapore | |||
Stephen Ho Kiam Kong |
16 Raffles Quay #26-00 Hong Leong Building Singapore 048581 |
Chief Executive Officer | Singapore | |||
Kwek Pei Xuan | 16 Raffles Quay #26-00 Hong Leong Building Singapore 048581 |
Senior Business Development Manager | Singapore |
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 Chairman | Singapore | |||
Stephen Ho Kiam Kong |
16 Raffles Quay #26-00 Hong Leong Building Singapore 048581 |
Chief Executive Officer | Singapore | |||
Kwek Pei Xuan |
16 Raffles Quay #26-00 Hong Leong Building Singapore 048581 |
Senior Business Development Manager | Singapore |
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 Peck | 16 Raffles Quay #26-00 Hong Leong Building Singapore 048581 |
Executive Chairman | Singapore | |||
Stephen Ho Kiam Kong |
16 Raffles Quay #26-00 Hong Leong Building Singapore 048581 |
Chief Executive Officer | Singapore | |||
Kwek Pei Xuan |
16 Raffles Quay #26-00 Hong Leong Building Singapore 048581 |
Senior Business Development Manager | Singapore |
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 Peck | 16 Raffles Quay #26-00 Hong Leong Building Singapore 048581 |
Executive Chairman | Singapore | |||
Stephen Ho Kiam Kong |
16 Raffles Quay #26-00 Hong Leong Building Singapore 048581 |
Chief Executive Officer | Singapore | |||
Ernest Colin Lee | 16 Raffles Quay #26-00 Hong Leong Building Singapore 048581 |
Engineer | Australia | |||
Kwong Ka Lo @ Caroline Kwong | 50 Raffles Place #19-00 Singapore Land Tower Singapore 048623 |
Fund Management | Singapore | |||
Ng Sey Ming | 9 Straits View #06-07 Marina One West Tower Singapore 018937 |
Lawyer |
Singapore | |||
Tan Chian Khong | 16 Raffles Quay #26-00 Hong Leong Building Singapore 048581 |
Company Director | Singapore | |||
Executive Officers | ||||||
Kwek Leng Peck | 16 Raffles Quay #26-00 Hong Leong Building Singapore 048581 |
Executive Chairman | Singapore | |||
Stephen Ho Kiam Kong |
16 Raffles Quay #26-00 Hong Leong Building Singapore 048581 |
Chief Executive Officer | Singapore |