Weichai Power's Major Shareholder Announces Significant A-Share Purchase Plan

Stock News

07/21

Weichai Power Co.,Ltd. (HKEX: 02338) has announced that its controlling shareholder plans a substantial purchase of the company's A-shares.

The firm's controlling shareholder, Weichai Holding Group Co., Ltd., intends to use special loans and its own funds to acquire A-shares through centralized bidding transactions over the next six months.

The total investment for this share purchase initiative is set to be no less than RMB 200 million and no more than RMB 400 million.

This planned acquisition does not have a predetermined price range, as Weichai Holding Group will proceed based on overall market conditions and its assessment of the stock's fair value.

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