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Weichai Power Co ( (HK:2338) ) has issued an announcement.
Weichai Power Co., Ltd. has announced revisions to its annual caps and the extension of its Continuing Connected Transactions with Weichai Holdings and its associates. The company aims to streamline these transactions by combining similar ones into a single framework agreement, providing clarity to shareholders. Additionally, Weichai Power has entered into new framework agreements to continue transactions with Weichai Freshen Air, Shaanxi Automotive, and Weichai New Energy, ensuring compliance with listing rules and shareholder approval requirements. These strategic moves are expected to enhance operational efficiency and strengthen Weichai Power’s market positioning.
The most recent analyst rating on (HK:2338) stock is a Buy with a HK$18.30 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 based in the People’s Republic of China, primarily engaged in the manufacturing and sale of diesel engines, automobiles, and related parts. The company is a significant player in the automotive and industrial equipment sectors, focusing on expanding its market presence through strategic partnerships and connected transactions.
Average Trading Volume: 8,620,698
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$143.9B
Learn more about 2338 stock on TipRanks’ Stock Analysis page.