- Business
- Hong Leong Asia Ltd. is a diversified investment holding company that manufactures and distributes powertrain solutions, building materials and rigid packaging products principally in China, Singapore, Malaysia and internationally. It operates through Powertrain Solutions and Building Materials segments; the Powertrain Solutions segment manufactures, assembles and sells light, medium and heavy-duty diesel engines for trucks, buses, passenger vehicles, industrial equipment, marine, agricultural, on-road, off-road, genset and marine applications; the Building Materials segment produces and supplies cement, pre-cast concrete elements, ready-mix concrete and quarry products, serving key markets including Housing and Development Board projects in Singapore. Headquartered in Singapore and incorporated there on 30 August 1963 with roots tracing to 1941, the company lists on the Singapore Exchange mainboard (SGX: H22) and functions as a subsidiary of Hong Leong Corporation Holdings Pte Ltd. Recent developments include the incorporation of new subsidiaries, capital increases and dilution of interests in existing entities during the first half of 2025 to optimize its portfolio and expand into technology-driven areas; its associate China Yuchai International announced unaudited first half 2024 financial results and implemented equity incentive schemes; additionally, BRC Asia, another associate, extended the long-stop date for disposal of a shareholding interest.