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Great Wall Motor Co ( (HK:2333) ) has provided an update.
Great Wall Motor Company Limited has signed a supplemental agreement with its chairman, Wei Jian Jun, and his associates to revise the 2026 annual cap for long-term leasing of assets such as plants, land, equipment and dormitories from entities connected to him. The revised cap, which falls between 0.1% and 5% under Hong Kong Listing Rules, reclassifies these arrangements as continuing connected transactions subject to reporting, announcement and annual review requirements, but does not require independent shareholders’ approval; pricing will continue to follow market-based, arm’s length principles, using open tenders and comparisons with independent third-party transactions, aiming to ensure compliance and transparency in the company’s use of key operating assets.
The most recent analyst rating on (HK:2333) stock is a Hold with a HK$16.50 price target. To see the full list of analyst forecasts on Great Wall Motor Co stock, see the HK:2333 Stock Forecast page.
More about Great Wall Motor Co
Great Wall Motor Company Limited is a Chinese automotive manufacturer listed in Hong Kong, focused on producing and selling vehicles and related components. The group operates through multiple subsidiaries, utilizing leased plants, land, equipment and facilities to support its manufacturing and operational footprint in mainland China and abroad.
YTD Price Performance: 9.39%
Average Trading Volume: 15,004,584
Technical Sentiment Signal: Buy
Current Market Cap: HK$190.3B
Find detailed analytics on 2333 stock on TipRanks’ Stock Analysis page.