Weichai Power Co (HK:2338) has released an update.
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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.
For further insights into HK:2338 stock, check out TipRanks’ Stock Analysis page.
