Jianshe, Yamaha’s biggest joint-venture partner in China based in the south-western city of Chongqing, says it has received £14.7m from an asset-disposal transaction with another (unidentified) Chinese motorcycle manufacturer.
The deal is understood to involve the sale of one of its production plants. Jianshe makes all of the Yamaha YBR125 models sold in the UK and Europe, as well as supplying Yamaha-branded bikes to a number of other markets worldwide.