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Xinchen China Power Holdings Ltd. ( (HK:1148) ) has shared an announcement.
Xinchen China Power Holdings Limited has secured shareholder approval at an extraordinary general meeting held on 20 January 2026 for an equity acquisition involving Zhonghang Lantian Equipment Manufacturing Co., Ltd., with Mianyang Xinchen Engine Co., Ltd. as purchaser and Shanxi Lantian Industrial Group Co., Ltd. as vendor. The ordinary resolution, which ratifies and approves the equity acquisition agreement dated 16 October 2025 and authorises any director to execute all necessary documents and actions to implement the transaction, was passed unanimously by poll, signalling strong shareholder support for the deal and providing management with a clear mandate to proceed with the integration and related strategic steps.
The most recent analyst rating on (HK:1148) stock is a Buy with a HK$0.40 price target. To see the full list of analyst forecasts on Xinchen China Power Holdings Ltd. stock, see the HK:1148 Stock Forecast page.
More about Xinchen China Power Holdings Ltd.
Xinchen China Power Holdings Limited is an automotive engine and powertrain manufacturer based in China and incorporated in the Cayman Islands, listed on the Hong Kong Stock Exchange. The group is involved in the production and sale of engines and related components, primarily serving the automotive and equipment manufacturing sectors in the Chinese market.
Average Trading Volume: 645,038
Technical Sentiment Signal: Buy
Current Market Cap: HK$455.2M
For detailed information about 1148 stock, go to TipRanks’ Stock Analysis page.