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Weichai Power Co ( (HK:2338) ) has shared an announcement.
Weichai Power Co., Ltd. has adjusted the repurchase price of restricted A-share stock granted under its Restricted Share Incentive Scheme, lowering the buyback price from RMB5.252 per share to RMB4.894 per share, in line with shareholder authorisation and PRC regulatory requirements, to reflect the impact of its 2025 interim cash dividend distribution. At the same time, the board approved the repurchase and cancellation of up to 1,184,200 granted but not unlocked restricted shares held by 34 incentive participants who failed to meet individual performance unlocking conditions or experienced other qualifying changes, with the approximately RMB5.80 million (plus interest) funding to come from internal resources, a move that fine-tunes the company’s equity incentive pool, aligns share-based compensation more closely with performance, and modestly reduces share capital to the potential benefit of remaining shareholders.
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 PRC-incorporated joint stock company listed in Hong Kong that operates in the powertrain and equipment manufacturing sector, focusing on the development and production of diesel engines, power systems and related components for commercial vehicles, construction machinery and industrial applications in domestic and international markets.
Average Trading Volume: 17,666,860
Technical Sentiment Signal: Buy
Current Market Cap: HK$170B
See more insights into 2338 stock on TipRanks’ Stock Analysis page.