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The latest announcement is out from Weichai Power Co ( (HK:2338) ).
Weichai Power Co., Ltd. announced an adjustment in the repurchase price of restricted shares under its Restricted Share Incentive Scheme of A Shares, reducing the price from RMB5.599 to RMB5.252 per share. Additionally, the company has approved the repurchase and cancellation of 820,000 restricted shares held by eight incentive participants due to circumstances like re-designation, retirement, or resignation. This move is expected to streamline the company’s shareholding structure and optimize its capital management, potentially impacting stakeholder interests and the company’s market positioning.
The most recent analyst rating on (HK:2338) stock is a Buy with a HK$20.00 price target. To see the full list of analyst forecasts on Weichai Power Co stock, see the HK:2338 Stock Forecast page.
More about Weichai Power Co
Weichai Power Co., Ltd. is a joint stock limited company incorporated in the People’s Republic of China. The company operates in the manufacturing industry, focusing on the production of engines and powertrain systems. It is a significant player in the market with a focus on innovation and efficiency in its product offerings.
Average Trading Volume: 10,616,870
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$145.4B
For an in-depth examination of 2338 stock, go to TipRanks’ Overview page.