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Improved Earnings Required Before Weichai Heavy Machinery Co., Ltd. (SZSE:000880) Stock's 32% Jump Looks Justified
Weichai Heavy Machinery (000880.SZ) Heavy Industry Financial Corporation plans to increase its registered capital by 2.4 billion yuan.
GeLong Hui November 11th | Weichai Heavy Machinery (000880.SZ) announced that in order to further expand its business scope and scale, and better provide financing support and financial services to member units within the group, the Heavy Industry Finance Company plans to increase its registered capital by RMB 2400 million. After communication and negotiation among the shareholders, the capital increase this time is proposed to be in accordance with the current shareholding ratios by the original shareholders of Heavy Industry Finance Company, Shandong Heavy Industry, Weichai Power, Weichai Heavy Machinery, Shantui Construction Machinery, and Weichai Power's holding subsidiary Force Tech, with RMB 784.08 million, 653.4 million, 261.36 million, 261.36 million, 13 respectively.
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