YMLCSalvage Lift Craft, Medium (Non Self-Propelled)
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The balance of the consideration payable for the purchase of Yulin Hotel Company will be offset against certain trade receivables due from YMLC, the Guarantors and other related parties.
As a result of the acquisition of 100% equity of Yulin Hotel Company, Yuchai has agreed to terminate the loan agreements with YMLC and discharge the guarantees provided by the Guarantors.