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Weichai Power Co ( (HK:2338) ) has issued an announcement.
Weichai Power Co., Ltd. has announced revisions to the annual caps for its Continuing Connected Transactions under the Weichai Heavy Machinery Agreements for the years ending December 31, 2027. These revisions are due to the company’s actual production, operation, and development needs, necessitating the entry into Supplemental Agreements to adjust the caps. The transactions, which involve the sale and purchase of diesel engines and related services between Weichai Power and Weichai Heavy Machinery, are subject to certain reporting and review requirements under the Listing Rules but do not require independent shareholders’ approval.
The most recent analyst rating on (HK:2338) stock is a Buy with a HK$20.00 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 joint stock limited company incorporated in the People’s Republic of China. The company operates in the heavy machinery industry, focusing on the production and sale of diesel engines and related products, as well as providing labor and technical services. Weichai Power is connected with Weichai Heavy Machinery, which is partially owned by Weichai Holdings.
Average Trading Volume: 10,616,870
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$145.4B
See more data about 2338 stock on TipRanks’ Stock Analysis page.