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 ...
Premium Content (PAID Subscription Required)
"Weichai says has right to buy rival diesel maker" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
For WardsAuto.com pricing and subscription information please contact
Lisa Williamson by email: email@example.com or phone: (248) 799-2642