China Yuchai’s LKN Investment International To Sell 60% Interest in Copthorne Hotel Qingdao for $32.5 Mln

China Yuchai’s LKN Investment International To Sell 60% Interest in Copthorne Hotel Qingdao for $32.5 Mln

China Yuchai International (CYD) said Tuesday that LKN Investment International Pte. Ltd.,a wholly-owned subsidiary of HL Global Enterprises Limited, entered into a conditional equity transaction agreement, together with a supplemental agreement, to sell its 60% equity interest in Copthorne Hotel Qingdao Co., Ltd to Qingdao Haiyi Jun Zhuo Culture Travel Property Investment Co Ltd. China Yuchai has a 48.9% equity interest in HL Global Enterprises. The consideration for the proposed […]

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