The predecessor of Weichai Power is Weifang Diesel Engine Factory. Weichai Plant was established in 1953 and is one of the earliest manufacturers of diesel engines in China. From the 1950s to the 1980s｜
｜｜At the beginning of the 19th century, Weichai Plant successively developed and produced multiple types of medium-speed diesel oil ranging from 51 kW to 99 kW｜
｜ |Machine. ｜
｜ ｜ In 1984, China’s National Development Planning Commission and China’s National Economic Commission confirmed ｜
｜ ｜ Weichai Plant was designated as the designated site for the development and production of Steyr WD615 series diesel engines. One of the factories. ｜
｜ ｜In the same year, the National Economic Commission issued the "Reply Letter on Approving the Change of Affiliation of Weifang Diesel Engine Factory", confirming that Weichai Factory supplies diesel engines for heavy-duty vehicles One of the designated factories. ｜
｜ ｜ On December 23, 2002, Weichai Plant invested its operating assets, liabilities and cash related to the production and sales of WD615 and WD618 series ｜
｜ ｜ series diesel engines. Together with other cash capital injections, Weichai Power Co., Ltd. was established. The above operating net assets were evaluated by Beijing｜
｜｜China Enterprise Asset Appraisal Co., Ltd. to be RMB 80,000,000, and issued｜
｜｜from The total cash capital injection is RMB 135,000,000. ｜
｜ ｜ According to the document issued by the Shandong Provincial State-owned Assets Supervision and Administration Commission on November 13, 2003 ｜
｜ ｜, Weichai Power has been approved to transform into an overseas fundraising company . March 1, 2004｜
｜｜Weichai Power Co., Ltd. was listed on the Stock Exchange of Hong Kong from March 1, issuing 126,5｜
｜｜00,000 H shares shares (including 11,500,00｜
｜｜0 H shares converted from 11,500,000 domestic shares). Weichai Power's current registered capital is RMB 330,000,000.
|
└————┴——————————————————————————————┘
2. Issuance and listing
┌——————————┬——————┬——————————┬——————┐
｜Online release date｜ ｜Launch date｜2007-04-30 ｜
├——————————┼——————┼———————— ——┼——————┤
｜Issuance method｜Share exchange issuance｜Par value per share (yuan)｜1.000｜
├———————— ——┼——————┼——————————┼——————┤
｜Issuance volume (10,000 shares)｜19065.36｜Issuance price per share (yuan) |20.470 |
├——————————┼——————┼——————————┼——————┤
｜Issuance fee (10,000 yuan) ｜10337.02 ｜Total market value of issuance (10,000 yuan) ｜0.00 ｜
├——————————┼——————┼———— ——————┼——————┤
｜Net raised funds (10,000 yuan) ｜- ｜Opening price on the first day of listing (yuan)｜- ｜
├——————————┼——————┼——————————┼——————┤
｜The closing price on the first day of listing ( Yuan) |- |Turnover rate on the first day of listing |- |
├——————————┼——————┼——————————┼— ——————┤
｜Online pricing winning rate｜- ｜Secondary market allotment winning rate｜- ｜
├——————————┼— ————┼——————————┼——————┤
｜Net profit in the year of issuance｜｜Actual in the year of issuance｜｜
｜Forecast (10,000 yuan) ｜- ｜Net profit (10,000 yuan) ｜- ｜
├——————————┼——————┼—————————— ┼——————┤
｜Diluted price-earnings ratio per share｜- ｜Weighted price-earnings ratio per share｜- ｜
├——————————┼— ————┴——————————┴——————┤
｜Lead underwriter｜CITIC Securities Co., Ltd.｜
｜｜Hua European International Securities Co., Ltd.｜
├——————————┼——————————————————————┤
｜Listing recommender｜CITIC Securities Co., Ltd.｜
｜ ｜Huaou International Securities Co., Ltd.｜
└———————— ——┴——————————————————————┘
p>
☆Company events☆ ◇Hong Kong and Macao information 000338 Update date: 2007-05-13◇ Linktone V4.0
2007-05-14
Published in June Announcement on convening the 2006 annual general meeting of shareholders on the 29th,
Weichai Power’s notice on convening the 2006 annual general meeting of shareholders
1. Meeting time: the morning of June 29, 2007 10:00 hours
2. Meeting location: Company Conference Room, No. 26, Minsheng East Street, Weifang, Shandong Province
3. Convenor: Company Board of Directors
4 , Convening method: on-site meeting, on-site voting
5. Matters to be considered at the meeting: review and approval of the company's 2006 annual report, etc.
According to the commitment letters issued by 8 legal person promoter shareholders including Weifang Diesel Engine Factory (hereinafter referred to as "Weichai Factory") and Zhuzhou State-owned Assets Investment and Operation Co., Ltd. (hereinafter referred to as "Zhuzhou State-owned Assets") and accepted by the As stipulated in the commitment letter, the shares of the company held by them will not be transferred or entrusted to others for management within thirty-six months from the date of listing of the company's shares on the Shenzhen Stock Exchange, nor will they be repurchased by the company.
According to and subject to the commitment letters issued by Tan Xuguang and other 24 natural person shareholders, the shares of the company held by them will be transferred from the listing of the company's shares on the Shenzhen Stock Exchange. It will not be substantively transferred within thirty-six months from the date of purchase, nor will it be repurchased by the company.
The China Securities Regulatory Commission approved the company’s public issuance of 190,653,552 RMB ordinary shares (Zhengjianfazi [2007] No. 64 "About Approval of the Public Issuance and Exchange of A Shares by Weichai Power Co., Ltd." Notice on the merger of Hunan Torch Automobile Group Co., Ltd.).
The issuance method of this issuance is share exchange issuance. All the A shares issued and exchanged for absorption and merger are used to absorb Hexiang Torch Automobile Group Co., Ltd. (hereinafter referred to as "Xiang Torch"). The issuance and share exchange and absorption and merger are carried out simultaneously and are prerequisites for each other. This time, 190,653,552 RMB ordinary shares (A shares) were issued, accounting for 36.62% of the total share capital after the issuance, and the issue price was 20.47 yuan/share.
As approved by the Shenzhen Stock Exchange's "Notice on the Listing of RMB Ordinary Shares of Weichai Power Co., Ltd." (Shenzhen Stock Exchange [2007] No. 48), the RMB ordinary shares issued by the company are listed on the Listed on the Shenzhen Stock Exchange, the stock abbreviation is "Weichai Power" and the stock code is "000338".
Overview of the company’s stock listing
1. Listing location: Shenzhen Stock Exchange
2. Listing time: April 30, 2007
3. Stock abbreviation: Weichai Power
4. Stock code: 000338
5. Total share capital after issuance: 520, 653, 552 shares
6. Shares increased by public issuance of stocks: 190,653,552 shares
7. Circulation restrictions and period of shares held by shareholders before issuance: According to the relevant provisions of the "Company Law", the shares held by the promoters Company shares shall not be transferred within one year from the date of establishment of the company. and Subject to these commitment letters, the shares of the company held by him will not be transferred or entrusted to others for management within thirty-six months from the date the company's shares are listed on the Shenzhen Stock Exchange, nor will they be returned by the company. purchase.
According to and subject to the commitment letters issued by Tan Xuguang and other 24 natural person shareholders, the shares of the company held by them will be extinguished thirty-six months from the date the company's shares are listed on the Shenzhen Stock Exchange. There is no substantive transfer, nor is it repurchased by the company.
9. Other locking arrangements for the shares listed this time: There are no other locking arrangements.
10. Shares listed this time without circulation restrictions and lock-up arrangements: The 190,653,552 shares issued this time have no circulation restrictions and lock-up arrangements.
11. Stock registration agency: China Securities Depository and Clearing Co., Ltd. Shenzhen Branch
12. Listing sponsor: CITIC Securities Co., Ltd., Huaou International Securities Co., Ltd.
Risk warning about the first trading day of "Weichai Power"
Today, "Weichai Power" (stock code: 000338) will be listed and traded on the Exchange. In order to prevent the stock Trading risks on the first day of listing, to maintain the order of the securities market and protect the legitimate rights and interests of investors, the Exchange will implement the following risk control measures for the stock’s first day of trading:
1. The difference between the intraday increase and the opening increase When the difference reaches 50 or -50 for the first time, the Exchange will impose a temporary trading suspension for 15 minutes; when the difference between the intraday increase and the opening increase reaches 90 or -90 for the first time, the Exchange will implement a temporary trading suspension for 15 minutes. The intraday increase refers to the increase in the intraday transaction price compared to the stock issuance price, and the opening increase refers to the increase in the opening price compared to the stock issuance price.
If a stock meets the above temporary trading suspension conditions after 14:50, the Exchange will no longer impose a temporary trading suspension on it.
If the temporary trading suspension time of a stock exceeds the starting time of the closing call auction at 14:57, the Exchange will resume trading in the stock at 14:57 and resume the closing call auction.
During the temporary suspension period, investors can continue to make declarations or cancel their declarations.
2. The Exchange will focus on monitoring the trading of this stock and take further risk control measures as appropriate. Take measures such as restricting transactions on relevant accounts suspected of deliberately manipulating transaction prices, and report them to the China Securities Regulatory Commission for investigation and punishment.
The Exchange solemnly reminds investors to pay attention to investment risks, invest rationally, and pay attention to the Exchange’s announcement on temporary trading suspension in a timely manner.
2007-04-26
Publish the public offering and listing announcement,
Weichai Power’s public offering and listing announcement
According to and subject to the commitment letters issued by 8 legal person promoter shareholders including Weifang Diesel Engine Factory (hereinafter referred to as "Weichai Factory") and Zhuzhou State-owned Assets Investment and Operation Co., Ltd. (hereinafter referred to as "Zhuzhou State-owned Assets") , the shares of the company held by them will not be transferred or entrusted to others for management within thirty-six months from the date of listing of the company's shares on the Shenzhen Stock Exchange, nor will they be repurchased by the company.
According to and subject to the commitment letters issued by Tan Xuguang and other 24 natural person shareholders, the shares of the company held by them will be transferred from the listing of the company's shares on the Shenzhen Stock Exchange. It will not be substantively transferred within thirty-six months from the date of purchase, nor will it be repurchased by the company.
The China Securities Regulatory Commission approved the company’s public issuance of 190,653,552 RMB ordinary shares (Zhengjianfazi [2007] No. 64 "About Approval of the Public Issuance and Exchange of A Shares by Weichai Power Co., Ltd." Notice on the merger of Hunan Torch Automobile Group Co., Ltd.).
The issuance method of this issuance is share exchange issuance. The A shares issued and exchanged for absorption and merger are all used to absorb Hexiang Torch Automobile Group Co., Ltd. (hereinafter referred to as "Xiang Torch"). The issuance and share exchange and absorption and merger are carried out simultaneously and are prerequisites for each other. This time, 190,653,552 RMB ordinary shares (A shares) were issued, accounting for 36.62% of the total share capital after the issuance, and the issue price was 20.47 yuan/share.
As approved by the Shenzhen Stock Exchange’s “Notice on the Listing of RMB Ordinary Shares of Weichai Power Co., Ltd.” (Shenzhen Stock Exchange [2007] No. 48), the RMB ordinary shares issued by the company are listed on the Listed on the Shenzhen Stock Exchange, the stock abbreviation is "Weichai Power" and the stock code is "000338".
Overview of the company’s stock listing
1. Listing location: Shenzhen Stock Exchange
2. Listing time: April 30, 2007
3. Stock abbreviation: Weichai Power
4. Stock code: 000338
5. Total share capital after issuance: 520, 653, 552 shares
6. Shares increased by public issuance of stocks: 190,653,552 shares
7. Circulation restrictions and period of shares held by shareholders before issuance: According to the relevant provisions of the "Company Law", the shares held by the promoters Company shares shall not be transferred within one year from the date of establishment of the company. and Subject to these commitment letters, the shares of the company held by him will not be transferred or entrusted to others for management within thirty-six months from the date of listing of the company's shares on the Shenzhen Stock Exchange, nor will they be returned by the company. purchase. According to and subject to the commitment letters issued by Tan Xuguang and other 24 natural person shareholders, the shares of the company held by them will be extinguished thirty-six months from the date the company's shares are listed on the Shenzhen Stock Exchange. There is no substantive transfer, nor is it repurchased by the company.
9. Other locking arrangements for the shares listed this time: There are no other locking arrangements.
10. Shares listed this time without circulation restrictions and lock-up arrangements: The 190,653,552 shares issued this time have no circulation restrictions and lock-up arrangements.
11. Stock registration agency: China Securities Depository and Clearing Co., Ltd. Shenzhen Branch
12. Listing sponsor: CITIC Securities Co., Ltd., Huaou International Securities Co., Ltd.
☆Dividend and share expansion☆ ◇Hong Kong and Macau information 000338 Update date: 2007-04-30◇ Linkong V4.0
The latest dividend and share expansion profile
┌———— ——————————┬————┬——————————┬————┐
｜Is there the potential ability to transfer shares｜No｜ Is there potential cash flow capability｜No｜
├————————————┼————┼————————————┼———— ┤
｜Are you eligible for a potential allotment｜Yes｜No dividends have been distributed for several consecutive periods｜- ｜
├——————————┼———— ┼————————————┼————┤
｜Number of allotments｜- ｜Number of additional issuances｜- ｜
└—————— —————┴————┴————————————┴————┘
Dividends
┌—————— —┬————————————————┬——————┐
｜Dividend year｜Dividend plan｜Earnings per share (yuan)｜
├————————┼——————————————————┼——————┤
｜2006 -06-30 | Progress description: Implementation | | 10 factions 2 (tax included) | | ——————————————┼——————┤
｜2005-12-31｜Progress Description: Implementation｜0.9300｜
｜ ｜10 Pie 3.3 (tax included) ｜ ｜
├————————┼——————————————————┼—————— —┤
｜2004-12-31 ｜Progress description: Implementation｜1.6300 ｜
｜ ｜10 factions 3 (tax included) ｜ ｜
└— ——————┴——————————————————┴——————┘
Allotment
None
Additional issuance
None
Issuance and listing of convertible bonds
None
2007-04-30
p>
Hong Kong and Macau Information·New stock listing positioning·Weichai Power (000338)
Listing positioning: 41.30-45.43 yuan
Basic situation:
Stocks Abbreviated as "Weichai Power"
Transaction code: 000338
Issuance method: Offline cumulative bidding inquiry issuance to placement objects and online fund application
A combination of purchase, price and issuance
Total share capital: 520 million shares
Shares issued: 190 million shares
Issue price: 20.47 yuan/share
Issuance price-to-earnings ratio: 10.55 times
Winning rate: 0.28
Listing date: 2007-04-30
Listing place: Shenzhen Stock Exchange
Lead underwriters: CITIC Securities Co., Ltd., Huaou International Securities Co., Ltd.
Weichai Power builds a complete heavy-duty truck industry chain
This newspaper reported in April On the 30th, Weichai Power A shares (000338) were officially listed on the Shenzhen Stock Exchange. They opened at a price of 70 yuan higher than the issue price of 241 yuan, and closed at a price of 64.93 yuan that day, an increase of 217 yuan. At this point, S Xiang Torch (000549) has officially withdrawn from the capital market, erasing the last bit of the Delong Group, and the first "HtoA" case, known as the most innovative in the Chinese securities market, has been perfectly settled.
The integration effect is highlighted
Li Mengtao of China International Finance Securities believes that "after Weichai Power integrates Hunan Torch, it will form a driving force with Shaanxi Heavy Duty Truck's complete vehicles and powertrain as the driving force." With a business structure of profit core and supplemented by other parts, it is expected to become the strongest complete vehicle and parts manufacturer in the domestic heavy truck industry. ”
Regarding the complete industrial chain formed after the merger of Hunan Torch. , Tan Xuguang, Chairman of Weichai Power, said, "I value more the fusion effect that this large-scale capital action can bring to the new Weichai Power, reflecting the intended goal of 11gt;2: to truly master the scarce powertrain resources, the industry's voice will be enhanced; the business runs through the heavy truck industry chain, and with the parts business as the core, it will effectively resist non-systemic risks such as changes in the heavy truck industry structure; the synergy will bring about a reduction in cost and expense ratios and an improvement in profitability. "
"Starting from May this year, the engines, gearboxes and axles of the new Weichai Power will build the most core competitive power system, and all related products will shift from single market competition to Joint market competition will create conditions for seeking market maximization while maintaining the commonality and diversified market strategies, and lay the foundation for achieving economies of scale and reducing operating costs by opening up China's only complete heavy-duty vehicle industry chain. "Basic."
According to Weichai Power executives, the company's next step will be to comprehensively improve resource utilization in the fields of manufacturing, sales, procurement, and services through resource integration, and significantly reduce the company's operating costs. The unified utilization of various resources will also effectively avoid duplication of investment and improve the management and operational efficiency of the enterprise. Give full play to the core value advantages of the power system, enhance the industry's core technological innovation capabilities, leverage the advantages of the industrial chain, and promote the development of complete vehicles.
Catering to market development trends
It is understood that Europe and the United States currently have the highest level of international commercial vehicle manufacturing, but the development models of the industrial chains in the two countries are different. European manufacturers such as VOLVO, MAN, SCANIA and Mercedes-Benz all develop their core components in-house, while American commercial vehicle companies mostly outsource their powertrains. The more famous international parts manufacturers are concentrated in the United States. But there is no integrated powertrain manufacturer covering engines, transmissions and axles. In this regard, Tan Xuguang said, "While building a complete industrial chain, Weichai Power will further improve the conditions for cooperation with large international groups, thereby accelerating the internationalization of enterprises, introducing advanced foreign technologies to enterprises, and exploring international markets. Laying the foundation."
Li Mengtao analyzed that the current development trend of high horsepower, high load capacity and high efficiency in the domestic heavy truck industry is very obvious, and Weichai Power's current core industry chain is fully consistent with the development trend of the industry. Almost all Most of the mainstream heavy truck manufacturers have business dealings with Weichai Power, Fast and Hande Axle. This industry structure will be difficult to change in the next 3-5 years.
Data show that from January to March 2007, the total sales volume of my country's heavy truck industry was 105,374 (chassis complete vehicles and semi-trailer tractors), a year-on-year increase of 59.67, which is the fastest growing rate in the commercial vehicle industry. Sub-sectors. Among them, Shaanxi Heavy Duty Truck sold 14,127 heavy trucks, a year-on-year increase of 101%, higher than the average growth rate of the heavy truck industry, and its market share increased from 10.67 in the same period of 2005 to 13.41; Fast sold approximately 120,000 gearboxes of various types, and in 2006, the The annual sales volume is 240,000 units; according to the statistics of the Automobile Association, Weifang Diesel Engine Factory sold 43,774 diesel engines, a year-on-year increase of 106 (this data only includes automobile engines, involving WD615/618, 226B and other types, used in engineering machinery, ships and power generation Diesel engines are not included).
For the newly listed Weichai Power, this industrial integration has begun to show its leading position in the industry. New Weichai Power has since owned high-growth and high-profitability powertrain businesses such as Weichai Power engines, Fast transmissions, and Hande heavy truck axles, as well as high-growth businesses such as spark plugs, air conditioners, lamps, and brakes. With the automotive electronics business, as well as the complete vehicle business such as Shaanxi heavy trucks and Dongfeng off-road vehicles, a relatively complete heavy-duty vehicle industry chain in China has been formed, paving the way for achieving economies of scale, strengthening national brands, and entering the international market.
2007-04-30
Weichai Power (000338) was listed on the Shenzhen Stock Exchange today
As the largest internal combustion engine manufacturer in China - Weifang Diesel Engine Factory ( Weichai Power (000338) and ST Juli (000880), two subsidiaries of Weichai Factory, were simultaneously listed on the Shenzhen Stock Exchange today, realizing the return of National Power in the A-share market.
Weichai Plant is a key enterprise in the national internal combustion engine industry. In March 2004, Weichai Power (HK: 2338) initiated and established by it was listed on the Hong Kong Stock Exchange, becoming China's first company in Hong Kong. An engine company listed on the main board. On September 2, 2006, Weichai Power announced its plan to issue A shares and merge S Xiang Torch (000549) through share exchange. On December 29, 2006, the plan was approved by a unanimous vote at the shareholders' meeting of Weichai Power and S Xiang Torch. On March 31, 2007, Weichai Power issued A shares and was listed on the Shenzhen Stock Exchange today. ST Juli (000880) is a listed company on the verge of delisting that was saved by Weichai Factory through the "Reorganization and Share Reform" combination plan. Through the implementation of a net shell restructuring of *ST Juli, which had suffered losses for three consecutive years and was suspended from listing, it was injected into China The company has acquired high-speed diesel engine assets, completed shareholding reform and formed sustainable development capabilities.
Weichai Power Chairman and CEO Tan Xuguang said that as a leader in the domestic internal combustion engine industry, the company owns Weichai Power engines, Fast gearboxes, Hande Axles, Shaanxi Heavy Duty Truck, etc. At present, China's best-quality heavy-duty truck industry chain is listed on the mainland this time, allowing Hong Kong and mainland investors to fully share the results of the company's rapid growth. It also lays the foundation for building China's most competitive auto parts industry chain. A solid foundation. (
2007-04-29
Weichai Power: Risk warning on the first day of trading
On April 30, "Weichai Power" ( Stock code: 000338) will be listed and traded on the Exchange. In order to prevent the risks of trading on the first day of listing of the stock, maintain the order of the securities market, and protect the legitimate rights and interests of investors, the Exchange will implement the following risk control measures for the trading of the stock on the first day of listing:
1. When the difference between the intraday increase and the opening increase reaches 50 or -50 for the first time, the Exchange will impose a temporary trading suspension for 15 minutes; when the difference between the intraday increase and the opening increase reaches 90 or -90 for the first time , the Exchange temporarily suspended trading for 15 minutes. The intraday increase refers to the increase in the intraday transaction price compared with the stock issuance price, and the opening increase refers to the increase in the opening price compared with the stock issuance price.
14:50. If the stock subsequently meets the above conditions for temporary trading suspension, the Exchange will no longer impose a temporary trading suspension on it.
If the temporary trading suspension time of a stock exceeds the starting time of the closing call auction at 14:57, the Exchange will resume trading in the stock at 14:57 and resume the closing call auction.
During the temporary suspension period, investors can continue to make declarations or cancel their declarations.
2. The Exchange will focus on monitoring the trading of this stock and take further risk control measures as appropriate. Take measures such as restricting transactions on relevant accounts suspected of deliberately manipulating transaction prices, and report them to the China Securities Regulatory Commission for investigation and punishment.
The Exchange solemnly reminds investors to pay attention to investment risks, invest rationally, and pay attention to the Exchange’s announcement on temporary trading suspension in a timely manner.
Shenzhen Stock Exchange
April 30, 2007
2007-04-27
Innovative thinking Wei Diesel Power (000338) returned to A-shares and became famous
On April 25, Weichai Power officially issued an announcement: According to a notice from the Shenzhen Stock Exchange, Weichai Power’s A-shares are scheduled to be listed on April 30. Since the company proposed the "Weichai Power H toA absorption and merger with Hunan Torch" plan on September 2 last year, and after Weichai Power and S Hunan Torch were approved by a unanimous vote at the five-category shareholder meetings on December 29, under the guidance and support of the regulatory authorities Next, the most innovative first "HtoA" case in the Chinese securities market finally came to a successful conclusion with the curtain call of the S Xiang Torch and the debut of Weichai Power.
Weichai Power's "HtoA" case, which lasted for more than half a year, involved many concepts and fields such as "absorption and merger of listed companies", "additional share issuance and exchange", "share split reform", etc. The first case implemented under the conditions of "two legal environments" and a specific share reform regulation. The design ideas, implementation principles, transaction conditions, etc. of the entire plan fully reflect the business wisdom of the Weichai Power team. The implementation of the plan involves the assets and business operations of enterprises in 15 prefectures and cities, and has received strong support from provinces and cities such as Hunan, Shaanxi and Shandong. Weichai Power, an H-share company, has achieved three major capital innovation operations including returning to the mainland to issue additional A shares, stock exchange and absorption mergers with Hunan Torch, and Hunan Torch integrated share reform. It has become the first blue chip company to return to A shares through share exchange, absorption and mergers, pioneering The “Weichai Model” in the capital market was established.
According to reports, the new Weichai after the return is an automobile and parts industry group with more than 20 billion assets and more than 30,000 employees. It will be a representative of blue-chip companies that are relatively scarce on the Shenzhen Stock Exchange. . For investors in the market, the new Weichai Power after the merger will show good development prospects and strong profitability. Both A-share and H-share investors will share the results of the merger. For Weichai Power, this industrial integration has begun to show its leading position in the industry. New Weichai Power has since owned high-growth and high-profitability powertrain businesses such as Weichai Power engines, Fast gearboxes, and Hande heavy truck axles, as well as high-growth businesses such as spark plugs, air conditioners, lamps, and brakes. The automotive electronics business, as well as the complete vehicle business such as Shaanxi heavy trucks and Dongfeng off-road vehicles, have formed the most complete heavy-duty vehicle industry chain in China, laying the foundation for achieving economies of scale, strengthening national brands, and entering the international market.
Chairman Tan Xuguang told reporters that the resources faced by enterprises today are all equal, and development and improvement lie in integration capabilities. Faced with the integration task after the acquisition of Hunan Torch, we innovated ideas and completed the industrial integration that took three or even five years to complete in less than one year. This paved the way for us to stride into the international market and build an international national enterprise group, creating a Got the chance.
2007-04-26
Weichai Power (000338) will be listed on the Shenzhen Stock Exchange on the 30th
On April 25, Weichai Power (2338 HK) officially announced that according to a notice from the Shenzhen Stock Exchange, Weichai Power (000338) A shares are scheduled to be listed on April 30.
Since the company proposed the "Weichai Power H to A absorption and merger with Hunan Torch" plan on September 2 last year, Weichai Power and S Hunan Torch were approved by a high vote at the five shareholder meetings on December 29 Later, with the guidance and support of the regulatory authorities, the most innovative first "H to A" case in the Chinese securities market finally came to an end with the curtain call of S Xiang Torch (000549) and the debut of Weichai Power. A happy ending.
After the return, the new Weichai will be an automobile and parts industry group with more than 20 billion assets and more than 30,000 employees. It will be a representative of blue-chip companies that are relatively scarce on the Shenzhen Stock Exchange. For investors in the market, the new Weichai Power will show good development prospects and strong profitability after the merger. Both A-share and H-share investors will share the fruits of the merger.
2007-03-28
Weichai Power’s A-share IPO application was approved
The Issuance Review Committee of the China Securities Regulatory Commission held an issuance review meeting yesterday and approved the IPO of Weichai Power Diesel Power Co., Ltd.’s A-share IPO application.
It is reported that Weichai Power plans to absorb and merge the listed company Xiang Torch through this issuance through share exchange, and complete the share-trading reform of Xiang Torch. Pre-disclosure information shows that Weichai Power plans to issue 190 million A shares, with the total share capital after the issuance being 520 million shares. The issuance price per share is 20.47 yuan, and the actual exchange ratio of circulating shares is 3.41:1. After the share exchange is completed, Xiang Torch will be canceled and Weichai Power will be the surviving company after the merger is completed and apply for listing on the Shenzhen Stock Exchange.
2007-03-26
Weichai Power’s IPO application will be held on Tuesday
This newspaper reported that the China Securities Regulatory Commission’s Issuance Review Committee is scheduled to hold a meeting on March 27 The 31st issuance review work meeting in 2007. The initial application of Weifen Co., Ltd. will be reviewed at the meeting.
At the 28th issuance review work meeting held on the 23rd, the initial offering applications of Zhejiang Southeast Grid Co., Ltd. and Tianjin Pulin Circuit Co., Ltd. passed the issuance review respectively. (Yu Yang)