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Weichai Power (02338.HK) received a shareholding of 8.528 million shares from JPMorgan.
According to the latest equity disclosure data of the Hong Kong Stock Exchange, on August 7, 2024, Weichai Power (02338.HK) received an increase of 8.528 million shares of good warehouse held by JPMorgan Chase & Co. with an average price of HKD 11.5461 per share, involving about HKD 98.465 million. After the increase, the latest number of good warehouses held by JPMorgan Chase & Co. is 123,722,299 shares, and the proportion of good warehouses held has increased from 5.92% to 6.36%.
[Steel] Weichai Power (02338) rose by 3.43%. The resignation of the Chairman of the Board of Directors of Great Wall Motors had a slight negative impact on the stock price, but provided opportunities for building positions.
Jingu finance| Weichai Power (02338) morning stock price rise, afternoon maintaining high level, as of press time, reported 12.06 Hong Kong dollars, up 3.43%, turnover of 0.121 billion Hong Kong dollars. On the news front, Tan Xuguang, chairman of Weichai Power, applied for resignation of chairman/legal representative, director, chairman of strategic development and investment committee and other positions due to age reasons. The company elected director Ma Changhai as the chairman of the seventh board of directors of the company and the chairman of strategic development and investment committee, and as the legal representative of the company. In response, Morgan Stanley issued a report stating that the market should have a slight negative impact on the relevant news, but provided a buying opportunity.
Hong Kong stocks have changed | Weichai Power (02338) rose more than 4% in early trading, and the potential adjustment of the management finally landed. Tan Xuguang, the chairman of Weichai, retired.
Weichai Power (02338) rose more than 4% in early trading. As of press time, it has risen by 3.43% to HKD 12.06, with a turnover of HKD 42.3202 million.
Weichai Power Chairman Resigns
Weichai Power announced that Machang Hai has been appointed as the company's chairman of the board.
Weichai Power (02338) announced that Tan Xuguang has resigned as the company's chairman, legal representative, executive director, and chairman of the strategic development and investment committee due to age reasons, and he will no longer hold any positions within the company from August 12, 2024. Current executive director Ma Changhai has been appointed as the new chairman, legal representative, executive director, and chairman of the strategic development and investment committee, effective from August 12, 2024 until the end of the current board of directors term, which is the end of the shareholders' annual general meeting ending December 31, 2026.
Weichai Power Schedules Key Board Meeting
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