Weichai says has right to buy rival diesel maker


HONG KONG, Feb 25 (Reuters) - Weichai Power Co Ltd, a diesel engine maker raising up to HK$1.19 billion ($152.56 million) from a Hong Kong IPO, said on Wednesday its majority shareholder had given it the right to buy a competing associate company. The Chinese firm has first right of refusal to acquire Hangzhou Motor Engine Factory, a fellow diesel engine maker owned by its controlling shareholder, Weichai Chairman Tan Xuguang told a video conference. Weichai is about 40 percent held by ...

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