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潍柴动力拟对山东重工集团财务有限公司增资7.84亿元

weichai power plans to increase the capital of shandong heavy industry group finance limited company by 0.784 billion yuan

Sina Hong Kong stocks ·  Nov 12 07:20

Weichai Power (02338) announced that on November 11, 2024, the existing shareholders of Heavy Machinery Finance Company (including the company, Shaanxi Fast Gear (a subsidiary with 51% equity owned by the company), Shandong Heavy Industry, Weichai Heavy Machinery, and Shantui Construction Machinery) along with Sinotruk (Hong Kong) entered into a capital increase agreement with Heavy Machinery Finance Company. The existing shareholders of Heavy Machinery Finance Company and Sinotruk (Hong Kong) each agreed to make a total capital increase of RMB 5.576 billion to Heavy Machinery Finance Company. The total capital increase made by the group according to the capital increase agreement is RMB 0.784 billion, of which RMB 0.338 billion will be used to increase the registered capital of Heavy Machinery Finance Company, while RMB 0.447 billion will be used to increase the capital reserve of Heavy Machinery Finance Company.

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