Weichai Power’s Stake in Shandong Finance Reduced

Weichai Power Co (HK:2338) has released an update.

Weichai Power Co., along with other equity holders, has entered a capital contribution agreement with Shandong Finance, totaling approximately RMB5.57 billion. This move will see Weichai’s stake in Shandong Finance decrease from 37.50% to 23.44% as Sinotruk HK becomes a new equity holder. The transaction is a connected transaction under Hong Kong’s Listing Rules.

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