Weichai Power Co ( (HK:2338) ) has provided an update.
Weichai Power Co., Ltd. has announced a proposal to dissolve its Supervisory Committee, with its duties to be assumed by the Board’s audit committee. This move is accompanied by proposed amendments to the company’s Articles of Association and Rules of Procedure, which are intended to streamline governance without affecting shareholder rights. The changes are subject to shareholder approval at the upcoming annual general meeting, and are seen as beneficial for the company’s operational efficiency and alignment with its development needs.
More about Weichai Power Co
Weichai Power Co., Ltd. is a joint stock limited company incorporated in the People’s Republic of China. It operates within the industrial sector, focusing on the manufacturing and distribution of powertrain systems, including engines, powertrains, and related components. The company is a key player in the automotive and equipment manufacturing industries, serving both domestic and international markets.
YTD Price Performance: 32.24%
Average Trading Volume: 2,422
Technical Sentiment Signal: Strong Sell
Current Market Cap: $17.83B
See more data about 2338 stock on TipRanks’ Stock Analysis page.