An update from Weichai Power Co ( (HK:2338) ) is now available.
Weichai Power Co., Ltd. has announced a class meeting for its H shareholders to discuss and approve special resolutions, including the spin-off and listing of Weichai Lovol Intelligent Agricultural Technology Co., Ltd. on the Hong Kong Stock Exchange. Additionally, the meeting will address the repurchase of certain A shares, detailing the purpose, conditions, and methods for the repurchase. This strategic move is expected to enhance the company’s market position and provide assured entitlements to H shareholders, potentially impacting its operations and shareholder value.
More about Weichai Power Co
Weichai Power Co., Ltd. is a joint stock limited company incorporated in the People’s Republic of China. It operates within the industrial sector, focusing on the production of powertrain systems, including engines, transmissions, and axles. The company is a significant player in the global market, with a particular emphasis on the automotive and machinery industries.
YTD Price Performance: 32.24%
Average Trading Volume: 2,422
Technical Sentiment Signal: Strong Sell
Current Market Cap: $17.83B
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