China Yuchai International Limited | Annual Report 2013 68 31.12.2011 31.12.2012 31.12.2013 Proportion of equity interest held by NCI Yuchai 23.6% 23.6% 23.6% YMMC 28.2% 28.2% 28.2% The Group has the following subsidiaries that have non-controlling interests (“NCI”) that are material to the Group. (i)  During the year ended December 31, 2012, the Group converted 13,957,233 of Series A RCPS into ordinary  shares in the capital of HLGE. As a result, the Group’s interest in HLGE increased to 50.1%, based on the total  outstanding ordinary shares of HLGE, net of the ordinary shares held by the Trustee under the Trust (Note 1.4). Note: Name of significant subsidiary Place of incorporation/ business Group’s effective equity  interest 31.12.2012 31.12.2013 % % Guangxi Yuchai Machinery Company Limited People’s Republic  of China 76.4 76.4 Guangxi Yulin Yuchai Accessories Manufacturing Company Limited People’s Republic  of China 74.2 74.2 Guangxi Yuchai Machinery Monopoly Development Co., Ltd. People’s Republic  of China 54.9 54.9 Xiamen Yuchai Diesel Engines Co., Ltd. People’s Republic  of China 76.4 76.4 Guangxi Yulin Hotel Company Limited People’s Republic  of China 76.4 76.4 Jining Yuchai Engine Company Limited People’s Republic  of China 53.5 53.5 HL Global Enterprises Limited  (i) Singapore 50.1 50.1 Details of significant subsidiaries of the Group are as follows: 4.  Investments in subsidiaries NOTES TO THE CONSOLIDATED FINANCIAL  STATEMENTS  (RMB AND US$ AMOUNTS EXPRESSED IN THOUSANDS, EXCEPT PER SHARE DATA) 