On December 22nd, Hunan Torch Automotive Group Co., Ltd. issued an announcement saying that the proposal for the exchange of shares of Weichai Power Co., Ltd. for merger with Hunan Torch Group Co., Ltd. was approved by the SASAC.
The reply stated that the company agreed in principle that the Shandong Provincial State Assets Supervision and Administration Commission reported that Weichai Power issued additional A shares to absorb the merger of the Hunan Torch program. After the merger was completed, the total share capital of Weichai Power was 526,055.52 million shares, of which Weifang Diesel Engine Factory, Weifang Investment Company, Guangxi Liugong Group Co., Ltd., and Zhuzhou City State-owned Assets Investment and Management Co., Ltd. held corporate shares of 77,647,900 shares respectively. 19,315.55 million shares, 449.055 million shares and 151.50588 million shares accounted for 14.91%, 3.71%, 0.86%, and 2.91% of the total share capital, respectively.
View related topics: Assembling: Auto Parts Giants Hunan Torch
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