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Weichai Power Co ( (HK:2338) ) has issued an update.
Weichai Power Co., Ltd. announced the successful approval of resolutions at its Extraordinary General Meeting on May 20, 2025. The key resolutions included the compliance and proposal for the spin-off and listing of its subsidiary, Weichai Lovol Intelligent Agricultural Technology Co., Ltd., on the Main Board of the Hong Kong Stock Exchange. This strategic move is expected to enhance Weichai Power’s market positioning and provide growth opportunities for its agricultural technology subsidiary.
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, primarily operating in the manufacturing industry. The company focuses on producing engines, powertrains, and related components, serving various sectors including automotive, marine, and agricultural machinery.
Average Trading Volume: 16,487,659
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$138.3B
Learn more about 2338 stock on TipRanks’ Stock Analysis page.