Sep 28, 2021 08:34 PM (GMT+8) · EqualOcean
Financial Associated Press, September 28 - Weichai Power announced that the company and Shaanxi Automobile Group have negotiated and determined that the two sides will increase the capital of Shaanxi heavy truck, a holding subsidiary, by no more than RMB 4.08 billion and RMB 3.92 billion respectively according to the current shareholding ratio (the shareholding ratio of the company is 51% and that of Shaanxi Automobile Group is 49%), and the capital increase will be paid in installments, Among them, the initial capital increase was RMB 1.02 billion and RMB 980 million respectively.