Weichai Power Co ( (HK:2338) ) just unveiled an update.
Weichai Power Co., Ltd. has announced a New Financial Services Agreement with Shandong Finance, effective from June 30, 2025, to June 29, 2028. This agreement, which continues the existing financial services relationship, involves deposit services that constitute major and continuing connected transactions under Hong Kong’s Listing Rules. The agreement requires reporting, announcement, and independent shareholders’ approval due to the substantial percentage ratios involved.
More about Weichai Power Co
Weichai Power Co., Ltd. is a joint stock limited company incorporated in the People’s Republic of China, operating primarily in the manufacturing and financial services sectors. The company is involved in major and continuing connected transactions, particularly with Shandong Finance, a non-banking financial institution.
YTD Price Performance: 51.97%
Average Trading Volume: 2,638
Technical Sentiment Signal: Strong Sell
Current Market Cap: $18.7B
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