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Weichai Power Co Ltd (WEICF.PK)

WEICF.PK on OTC Markets Group

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Latest Key Developments (Source: Significant Developments)

Weichai Power expects to record an increase of about 140% to 170% in net profit
Thursday, 13 Apr 2017 08:17am EDT 

Weichai Power-<2338.HK>: Announcement Positive Profit Alert . Expected to record an increase of about 140% to 170% in net profit attributable for three months ended 31 march 2017 .Weichai power co ltd-increase in net profit was mainly due to an increase in sales of company's main products for three months ended 31 march 2017.  Full Article

Weichai Power sees Q1 net profit up 140-170 pct
Thursday, 13 Apr 2017 05:22am EDT 

Weichai Power Co Ltd <000338.SZ> :Says it sees Q1 net profit up 140-170 percent y/y to 1.1-1.2 billion yuan ($159.77-$174.30 million).  Full Article

Weichai Power's 2016 net profit up 72.9 pct
Wednesday, 29 Mar 2017 08:02am EDT 

Weichai Power Co Ltd <000338.SZ><2338.HK> :Says 2016 net profit up 72.9 percent y/y at 2.4 billion yuan ($348.41 million).  Full Article

Weichai Power to pay 2016 H1 div on Oct. 20
Thursday, 13 Oct 2016 10:45pm EDT 

Weichai Power Co Ltd <000338.SZ> :Says it plans to pay cash dividend of 1 yuan per 10 shares (before tax) to shareholders for H1 2016, on Oct. 20.  Full Article

Weichai Power enters into equity transfer agreement
Monday, 26 Sep 2016 07:02am EDT 

Weichai Power-connected Transaction Acquisition Of The Entire Equity Interest In Weichai Medium <2338.HK> : Entered into equity transfer agreement with Weichai Holdings . Co has conditionally agreed to acquire, and Weichai Holdings has conditionally agreed to sell, entire equity interest in weichai medium . Deal for consideration of RMB252.9 million .Consideration to be funded out of group's financial resources and/or borrowings.  Full Article

Weichai Power's H1 net profit up 8.5 pct
Tuesday, 30 Aug 2016 07:00am EDT 

Weichai Power Co Ltd <000338.SZ><2338.HK> :Says H1 net profit up 8.5 percent y/y at 1.05 billion yuan ($157.32 million).  Full Article

Weichai Power to pay 2015 A shares div on July 29
Sunday, 24 Jul 2016 10:18pm EDT 

Weichai Power Co Ltd <000338.SZ> :Says it plans to pay 2015 A shares dividends on July 29.  Full Article

Weichai Power updates on subscription of shares in Kion Group AG<000338.SZ>
Monday, 18 Jul 2016 06:32pm EDT 

Weichai Power Co Ltd <000338.SZ>: Discloseable transaction subscription of shares in Kion Group AG <2338.HK> . Company entered into an agreement with Kion . Says consideration payable by the company to Kion in respect of the subscription shall be approximately EUR275.6 million . Says consideration expected to be funded by borrowings . Number of the new Kion shares to be issued by Kion under the said share issuance represents 10% of the issued share capital of Kion .  Full Article

Kion Group AG places new shares in amount of 10 pct of the share capital at eur 46.44 per share
Monday, 18 Jul 2016 03:44pm EDT 

Kion Group AG: Places new shares in the amount of 10 per cent of the share capital at eur 46.44 per share . 9.9 million new shares were placed at a price of eur 46.44 each . 5.9 million new shares, corresponding to 60 per cent of the new shares, will be acquired by Weichai Power .Total gross proceeds from the capital increase amount to eur 459.3 million.  Full Article

Weichai Power Co says unit entered into an agreement with Kion Group<000338.SZ><2338.HK>
Tuesday, 21 Jun 2016 10:14am EDT 

Weichai Power Co Ltd <000338.SZ>: Unit entered into the sale and purchase agreement . The consideration for the purchase of the sale securities under the sale and purchase agreement is expected to be US$2.1 billion . Underlying business to be acquired is the advanced material handling automation solutions business operated by DH Services .  Full Article

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BRIEF-Weichai Power expects to record an increase of about 140% to 170% in net profit

* Expected to record an increase of about 140% to 170% in net profit attributable for three months ended 31 march 2017