Weichai Power to Shelve Planned Shenzhen Listing of Spark Plug Business

MT Newswires Live

03/18

Weichai Power (HKG:2338) plans to temporarily terminate the proposed spin-off and separate listing of its subsidiary, Weichai Torch Technology, on the ChiNext Board of the Shenzhen bourse.

The company's board approved a spinoff for its spark plug business in February 2021.

The decision was made due to market conditions and strategic business considerations. The termination is subject to shareholder approval, with a general meeting to be convened soon.

The company believes the move will not impact its financial position or operations, according to a Monday filing with the Hong Kong Exchange.

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The termination is subject to shareholder approval, with a general meeting to be convened soon.</p><p>The company believes the move will not impact its financial position or operations, according to a Monday filing with the Hong Kong Exchange.</p></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1808992512.USD","symbol_name":"AB ALL CHINA EQUITY PORTFOLIO \"A\" (USD) ACC","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2520612488","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2520612488","pubTimestamp":1742288933,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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