Weichai Power Announces Shareholder Meeting to Discuss Key Resolutions

Weichai Power Co ( (HK:2338) ) has provided an announcement.

Weichai Power Co., Ltd. has announced a class meeting for its A shareholders to discuss and approve several key resolutions. These include the provision of assured entitlement to H share holders in connection with the spin-off and listing of Weichai Lovol Intelligent Agricultural Technology Co., Ltd. on the Hong Kong Stock Exchange, as well as a share repurchase program for certain A shares. The meeting will address the purpose, conditions, method, and funding for the share repurchase, which could impact the company’s market positioning 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, operating primarily in the manufacturing sector. The company focuses on producing engines, powertrains, and related components, serving various industries including automotive and industrial machinery.

YTD Price Performance: 32.24%

Average Trading Volume: 2,422

Technical Sentiment Signal: Strong Sell

Current Market Cap: $17.83B

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