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Weichai Power Co ( (HK:2338) ) has provided an update.
Weichai Power Co., Ltd. announced that the first unlocking conditions under its A-share Restricted Share Incentive Scheme have been met, enabling 665 eligible incentive participants to unlock approximately 21.95 million restricted A shares, representing about 0.25% of the company’s current total share capital. The expiry of the first 24‑month lock-up period, calculated from the completion of grant registration on 20 December 2023, means that up to 30% of the total granted rights can now be unlocked during the first unlocking window, marking a key step in the company’s long-term equity incentive program designed to retain and motivate core staff and align their interests with shareholder value.
The most recent analyst rating on (HK:2338) stock is a Hold with a HK$17.00 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 Chinese joint stock company listed in Hong Kong, operating in the manufacturing and power equipment sector through its group subsidiaries. The company is involved in producing and supplying powertrain and related industrial products, serving a broad range of automotive, industrial and machinery markets in China and internationally.
Average Trading Volume: 17,666,860
Technical Sentiment Signal: Buy
Current Market Cap: HK$170B
Learn more about 2338 stock on TipRanks’ Stock Analysis page.