Weichai Power Co ( (HK:2338) ) has provided an announcement.
Weichai Power Co., Ltd. has announced a potential spin-off and separate listing of its subsidiary, Weichai Lovol Intelligent Agricultural Technology Co., Ltd., on the Main Board of the Hong Kong Stock Exchange. This move is expected to provide Weichai Lovol with direct access to capital markets, diversify its financing channels, and improve its operational capability. The spin-off is aligned with governmental policies to enhance the international influence of state-owned assets and is anticipated to strengthen Weichai Lovol’s market position and competitive advantages. The company will remain the holding entity post spin-off, adding value to the group and benefiting shareholders.
More about Weichai Power Co
Weichai Power Co., Ltd. is a joint stock limited company incorporated in China, operating in the intelligent agriculture technology industry. The company focuses on enhancing the competitiveness of state-owned assets and aims to build a global leading brand in this sector.
YTD Price Performance: 11.18%
Average Trading Volume: 2,846
Technical Sentiment Signal: Strong Sell
Current Market Cap: $18.45B
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