Automotive Jul 13, 2021 09:23 PM (GMT+8) · EqualOcean
Weichai Power announced that the company acquired 38.62% shares of Lovol heavy industry held by Alpos Technology Group Co., Ltd. and 0.69% shares of Lovol heavy industry held by qingte Group Co., Ltd. respectively in cash ("this share acquisition"). The company decided to transfer the above shares held by Alpos technology group at the price of 968 million yuan, and transfer the above shares held by qingte group at the price of 17.2982 million yuan. Therefore, the total purchase price of the shares is 985 million yuan (subject to the filing of the state-owned assets department or its authorized institution). After the completion of the share acquisition, the company holds 39.31% of the shares of Lovol heavy industry, which is the second largest shareholder of Lovol heavy industry.

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