Weichai Power plans to purchase 22.69% equity of Weichai Lovol with RMB 1.584 billion
Weichai Power announced on the Hong Kong stock exchange that on April 18, the company, as the buyer, entered into a share transfer agreement with the seller Weichai holding and the target company Weichai Lovol. Accordingly, the company has conditionally agreed to purchase and Weichai Holdings has conditionally agreed to sell the shares for sale (equivalent to about 22.69% of the total issued shares of Weichai Lovol), with a preliminary consideration of RMB 1.584 billion.
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