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Weichai Power Co ( (HK:2338) ) has issued an update.
Weichai Power Co., Ltd. announced the successful approval of all resolutions at its extraordinary general meeting, including the election of Mr. Huang Weibiao as an executive director. The resolutions, which involved the repurchase and cancellation of restricted shares and the cancellation of shares held in a designated account, received overwhelming support from shareholders, indicating strong confidence in the company’s strategic direction. The election of a new director and the decisions on share management are expected to enhance Weichai’s governance and operational efficiency.
More about Weichai Power Co
Weichai Power Co., Ltd. is a joint stock limited company based in the People’s Republic of China. It operates in the power and automotive industries, focusing on manufacturing power systems, commercial vehicles, and automotive components. The company serves a global market with a significant presence in the power generation and vehicle manufacturing sectors.
YTD Price Performance: 11.18%
Average Trading Volume: 4,468
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $16.42B
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