Private equity firm H&Q Asia Pacific, which has US$2.1 billion under management, said it and some minority partners had taken a 43.3% stake in China's Yuchai Engineering Machinery Co.

H&Q said the transaction had received all the relevant government approvals. Yuchai Engineering, which manufactures excavators, is a unit of China's Yuchai Group. Once the transaction is complete, Yuchai Group and H&Q will be Yuchai Engineering's largest shareholders. Yuchai Engineering also manufactures forklifts, bulldozers and track-laying tractors.

Source:佚名