According to announcements on the Hong Kong Stock Exchange and the Shenzhen Stock Exchange on Thursday, H-shares of China's largest diesel engine manufacturer, Weichai Power Co., Ltd. suspended trading in the morning and A-shares suspended trading since the market opened on Thursday. According to the announcement, the suspension of this time was due to media reports that the company may be involved in mergers and acquisitions transactions.
The Shenzhen Stock Exchange announced that due to the information published in the 21st Century Business Herald on Weichai Power, the Shenzhen Stock Exchange opened a temporary suspension of the A shares of Weichai Power since the company opened the market on Thursday, pending the company’s publication of the relevant announcement. Resumption.
The 21st Century Business Herald reported on Thursday that it has learned from the Shandong State-owned Assets Supervision and Administration Commission that due to the reorganization of Weichai Holding Group and Shandong Construction Machinery Group Company, Shantui Group’s largest domestic bulldozer manufacturer, Shantui Shares, is expected to have a controlling stake. Transferred to Weichai Power held by Shandong State-owned Assets Supervision and Administration Commission.
Shantui shares also temporarily suspended trading on Thursday.
Weichai Power's H-shares rose 0.83% to HK$14.5 before the suspension; A-shares closed at 27.46 yuan on Wednesday. Shantui shares closed at 11.01 yuan on Wednesday.
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