|||| One of the earliest diesel engine manufacturers in China. From 1950s to 1980s |
|||| At the beginning of its production, Wei Chai Factory has successively developed and produced various models of medium-speed diesel from 565, 438+0 kW to 99 kW |
|| Machine. |
||||1984, Office of China State Development Planning Commission and China State Economic Commission |
|||| Wei Chai Factory is recognized as one of the designated factories for developing and producing Steyr WD6 15 series diesel engines. |
|||| In the same year, the State Economic Commission issued a letter on agreeing to change the affiliation of Weifang Diesel Engine Factory.
|||| The department replied, confirming that Chai Wei Factory is one of the designated diesel engines for heavy-duty vehicles. |
|||| On February 23rd, 2002, 65438, Wei Chai factory produced and sold WD6 15 and WD6 18 series |
|||| List the operating assets, liabilities and cash shares of diesel engines and other cash injections |
|||| Weichai Power Co., Ltd. was established. The above operating net assets are passed through Beijing |
|||| China Enterprise Assets Appraisal Co., Ltd. appraised it as 80 million yuan, and issued it |
|||| The total cash injection of the payer is RMB10.35 billion yuan. |
|||| According to the 2003 10/013 issued by Shandong State-owned Assets Supervision and Administration Commission.
|||| Document, Weichai Power has been approved to transform into an overseas fund-raising company. March 2004 1 |
From ||||1,Weichai Power Co., Ltd. is listed on the Hong Kong Stock Exchange, with the issue of126,5 |
|||| 00,000 H shares (including 1 1, 500,000 domestic shares+0,500,000 shares |
|| 0 H shares). Weichai Power has a registered capital of 330 million yuan. |
└————┴————————————————————————————┘
2. Issuance and listing
┌——————————┬—————┬—————————┬——————┐
| Online release date | Listing date | April 30, 2007
├——————————┼—————┼—————————┼——————┤
| Issuance method | Share conversion | par value per share (RMB) | 1.000 |
├——————————┼—————┼—————————┼——————┤
| circulation (ten thousand shares) | 19065.36 | issue price per share (RMB) | 20.470 |
├——————————┼—————┼—————————┼——————┤
| issuance cost (ten thousand yuan) | 10337.02| total issuance market value (ten thousand yuan) | 0.00 |
├——————————┼—————┼—————————┼——————┤
| Net amount of funds raised (ten thousand yuan )|||| Opening price on the first day of listing (yuan )||
├——————————┼—————┼—————————┼——————┤
| Closing price on the first day of listing (RMB )|||| Turnover rate on the first day of listing |
├——————————┼—————┼—————————┼——————┤
||||| Online Pricing Winning Rate|||||||||||||||||
├——————————┼—————┼—————————┼——————┤
||||| The net profit of the year of issuance |||| The actual year of issuance |
| Forecast (ten thousand yuan )||| Net profit (ten thousand yuan )||
├——————————┼—————┼—————————┼——————┤
| Diluted price-earnings ratio per share||| Weighted price-earnings ratio per share||
├——————————┼—————┴—————————┴——————┤
| Lead underwriter | CITIC Securities Co., Ltd. |
||||| Huaou International Securities Co., Ltd. |
├——————————┼——————————————————————┤
| Listed Sponsor | CITIC Securities Co., Ltd. |
||||| Huaou International Securities Co., Ltd. |
└——————————┴——————————————————————┘
☆ Company Events ☆☆☆◇ Hong Kong and Macao Information 000338 Update Date: 2007-05- 13◇ Tong Ling 4.0.
2007-05- 14
Publish the announcement of the 2006 annual general meeting of shareholders scheduled for June 29, 2006,
Notice of Weichai Power on Convening the 2006 Annual General Meeting of Shareholders
1. Meeting time: June 29th, 2007 10:00 am.
2. Meeting place: Company meeting room, No.26 Minsheng East Street, Weifang City, Shandong Province
3. Convenor: the board of directors of the company.
4. Convening method: on-site meeting and on-site voting.
5. Matters considered at the meeting: The annual report of the company in 2006 was reviewed and approved.
2007-04-30
190653552 The unrestricted shares issued by online pricing are listed today.
Unlimited tradable shares issued by online pricing are listed today.
According to the letter of commitment issued by the sponsors of Weifang Diesel Engine Factory (hereinafter referred to as "Chai Wei Factory") and Zhuzhou State-owned Assets Investment and Management Co., Ltd. (hereinafter referred to as "Zhuzhou State-owned Assets"), the shares held by them will not be transferred or entrusted to others for management, nor will they be repurchased by the company within 36 months from the date of listing on the Shenzhen Stock Exchange.
According to the letter of commitment issued by 24 natural person shareholders such as Tan Xuguang, the company will not substantially transfer or repurchase its shares within 36 months from the date of listing on Shenzhen Stock Exchange.
China Securities Regulatory Commission approved the company to publicly issue 65,438+090,653,552 RMB ordinary shares (Notice on Approving Weichai Power Co., Ltd. to publicly issue A shares and Approving the merger of Hunan Torch Automobile Group Co., Ltd. by Share Transfer [2007] No.64).
The issuance method of this issue is stock exchange. All the A shares absorbed by the share swap are used to absorb and merge Xiang Torch Automobile Group Co., Ltd. (hereinafter referred to as "Xiang Torch"), and the share swap and merger are carried out at the same time, which is a prerequisite for each other. This time, 65,438+090,653,552 RMB ordinary shares (A shares) were issued, accounting for 36.62% of the total issued share capital, and the issue price was 20.47 yuan/share.
Approved by Shenzhen Stock Exchange's Notice on Listing of RMB Common Stock of Weichai Power Co., Ltd. (SZSE [2007] No.48), the RMB common stock issued by the company is listed on Shenzhen Stock Exchange, with the stock code "000338" for short.
General situation of company's stock listing
1. Listing place: Shenzhen Stock Exchange.
2. Time of listing: April 30, 2007
3. Stock abbreviation: Weichai Power
4. Stock code: 000338
5. Total issued share capital: 520,653,552 shares.
6. Public offering to increase shares:190,653,552 shares.
7. Circulation restrictions and duration of shares held by shareholders before issuance: According to the relevant provisions of the Company Law, the shares of the company held by promoters shall not be transferred within one year from the date of establishment of the company.
8. Commitment of shareholders and actual controllers to lock their shares voluntarily before issuance:
According to the letter of commitment issued by the promoters of eight enterprises, including Chai Weichang, and Zhuzhou State-owned Assets, within 36 months from the date of listing on the Shenzhen Stock Exchange, the shares held by them will not be transferred or entrusted to others for management, nor will they be repurchased by the company. According to the letter of commitment issued by 24 natural person shareholders such as Tan Xuguang, the company will not substantially transfer or repurchase its shares within 36 months from the date of listing on Shenzhen Stock Exchange.
9. Other locking arrangements for listed shares: There are no other locking arrangements.
10. Shares without circulation restrictions and lock-up arrangements listed this time:190,653,552 Shares issued this time have no circulation restrictions and lock-up arrangements.
1 1. Stock registration institution: China Securities Depository and Clearing Co., Ltd. Shenzhen Branch.
12. Listed sponsors: CITIC Securities Co., Ltd. and Huaou International Securities Co., Ltd.
Risk warning of Weichai Power on the first day of listing.
Today, "Weichai Power" (stock code: 000338) will be listed and traded in this exchange. In order to prevent the trading risk of the stock on the first day of listing, 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 temporarily suspend trading 15 minutes; When the difference between the intraday increase and the opening increase reaches 90% or -90% for the first time, the exchange will temporarily suspend trading for 15 minutes. Intraday increase refers to the increase of intraday trading price relative to the stock issue price, and opening increase refers to the increase of opening price relative to the stock issue price.
After 14:50, if the shares meet the above conditions for temporary suspension, the Exchange will not suspend trading temporarily.
If the stock is temporarily suspended for more than 14:57, the Stock Exchange will resume trading in call auction on 14:57 and resume the closing in call auction.
During the temporary suspension, investors can continue to declare or cancel the declaration.
Two. The Exchange will focus on monitoring the trading of the 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 to the China Securities Regulatory Commission for investigation.
We solemnly remind investors to pay attention to investment risks, invest rationally and pay close attention to the announcement of temporary suspension.
2007-04-26
Issue a listing announcement for publicly issued shares,
Weichai Power Public Offering Stock Listing Announcement
According to the letter of commitment issued by the sponsors of Weifang Diesel Engine Factory (hereinafter referred to as "Chai Wei Factory") and Zhuzhou State-owned Assets Investment and Management Co., Ltd. (hereinafter referred to as "Zhuzhou State-owned Assets"), the shares held by them will not be transferred or entrusted to others for management, nor will they be repurchased by the company within 36 months from the date of listing on the Shenzhen Stock Exchange.
According to the letter of commitment issued by 24 natural person shareholders such as Tan Xuguang, the company will not substantially transfer or repurchase its shares within 36 months from the date of listing on Shenzhen Stock Exchange.
China Securities Regulatory Commission approved the company to publicly issue 65,438+090,653,552 RMB ordinary shares (Notice on Approving Weichai Power Co., Ltd. to publicly issue A shares and Approving the merger of Hunan Torch Automobile Group Co., Ltd. by Share Transfer [2007] No.64).
The issuance method of this issue is stock exchange. All the A shares absorbed by the share swap are used to absorb and merge Xiang Torch Automobile Group Co., Ltd. (hereinafter referred to as "Xiang Torch"), and the share swap and merger are carried out at the same time, which is a prerequisite for each other. This time, 65,438+090,653,552 RMB ordinary shares (A shares) were issued, accounting for 36.62% of the total issued share capital, and the issue price was 20.47 yuan/share.
Approved by Shenzhen Stock Exchange's Notice on Listing of RMB Common Stock of Weichai Power Co., Ltd. (SZSE [2007] No.48), the RMB common stock issued by the company is listed on Shenzhen Stock Exchange, with the stock code "000338" for short.
General situation of company's stock listing
1. Listing place: Shenzhen Stock Exchange.
2. Time of listing: April 30, 2007
3. Stock abbreviation: Weichai Power
4. Stock code: 000338
5. Total issued share capital: 520,653,552 shares.
6. Public offering to increase shares:190,653,552 shares.
7. Circulation restrictions and duration of shares held by shareholders before issuance: According to the relevant provisions of the Company Law, the shares of the company held by promoters shall not be transferred within one year from the date of establishment of the company.
8. Commitment of shareholders and actual controllers to lock their shares voluntarily before issuance:
According to the letter of commitment issued by the promoters of eight enterprises, including Chai Weichang, and Zhuzhou State-owned Assets, within 36 months from the date of listing on the Shenzhen Stock Exchange, the shares held by them will not be transferred or entrusted to others for management, nor will they be repurchased by the company. According to the letter of commitment issued by 24 natural person shareholders such as Tan Xuguang, the company will not substantially transfer or repurchase its shares within 36 months from the date of listing on Shenzhen Stock Exchange.
9. Other locking arrangements for listed shares: There are no other locking arrangements.
10. Shares without circulation restrictions and lock-up arrangements listed this time:190,653,552 Shares issued this time have no circulation restrictions and lock-up arrangements.
1 1. Stock registration institution: China Securities Depository and Clearing Co., Ltd. Shenzhen Branch.
12. Listed sponsors: CITIC Securities Co., Ltd. and Huaou International Securities Co., Ltd.
☆ Dividends and share expansion ☆☆☆☆☆ Hong Kong and Macao Information 000338 Update date: April 30, 2007 ☆☆☆☆ Tong Ling 4.0.
The latest introduction of dividends and share expansion
┌———————————┬————┬———————————┬————┐
Is there potential ability to send shares | No | Is there potential ability to distribute cash | No.
├———————————┼————┼———————————┼————┤
Whether there is a potential allotment qualification | Yes | No dividends for several consecutive periods |-|
├———————————┼————┼———————————┼————┤
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└———————————┴————┴———————————┴————┘
Distribute bonuses
┌———————┬——————————————————┬——————┐
| Dividend year | Dividend plan| Earnings per share (yuan) |
├———————┼——————————————————┼——————┤
| 2006-06-30 | Progress Note: Implementation
||||10pai2 (including tax) ||
├———————┼——————————————————┼——————┤
| 2005- 12-3 1 | progress description: implementation | 0.9300 |
||||10pai3.3 (including tax) ||
├———————┼——————————————————┼——————┤
| 2004- 12-3 1 | progress description: realization | 1.6300 |
||||10 Pai 3 (including tax) ||
└———————┴——————————————————┴——————┘
Rationing share
not have
Additional issuance
not have
Issuance and listing of convertible bonds
not have
2007-04-30
Hong Kong and Macao Information IPO Positioning Weichai Power (000338)
Listing positioning: 4 1.30-45.43 yuan
Basic information:
The stock is called "Weichai Power"
Transaction code: 000338
Issuance method: the combination of offline cumulative bidding and inquiry with online fund subscription and pricing.
Total share capital: 520 million shares.
Issued shares: 65.438+0.9 billion shares.
Issue price: 20.47 yuan/share
Issue price-earnings ratio: 10.55 times
Winning rate: 0.28%
Date of listing: April 30, 2007
Place of listing: Shenzhen Stock Exchange
Lead underwriters: CITIC Securities Co., Ltd. and Huaou International Securities Co., Ltd.
Weichai Power builds a complete heavy truck industrial chain.
On April 30th, Weichai Power A-share (000338) was officially listed on Shenzhen Stock Exchange, which opened at a price higher than the issue price of 241%in 70 yuan, and closed at 64.93 yuan that day, with an increase of 2 17%. At this point, S Xiang Torch (000549) officially withdrew from the capital market, erasing the last background color of Delong, and was hailed as the most innovative first "HtoA" case in China stock market.
The integration effect is outstanding
Li Mengtao of Guo Jin Securities believes that "after Weichai Power integrates Hunan Torch, it will form a business framework with Shaanxi Automobile as the driving force, power as the profit core and other parts as supplements, and it is expected to become the most powerful vehicle and parts manufacturer in the domestic heavy truck industry."
Regarding the complete industrial chain formed after the merger of Xiang Torch, Tan Xuguang, chairman of Weichai Power, said, "I value the integration effect that this large-scale capital action can bring to the new Weichai Power, which is reflected in1+1>; The predetermined goal of 2: truly grasp the scarce powertrain resources and improve the right to speak in the industry; Business runs through the heavy truck industry chain, with spare parts business as the core, which will effectively resist non-systematic risks such as changes in the pattern of heavy truck industry; Synergy brings about the decline of cost-expense ratio and the improvement of profitability. "
"Starting from May this year, the engines, gearboxes and axles under the brand-new Weichai Power will build the power system with the most core competitiveness, and all related products will change from single market competition to joint market competition, while continuing to maintain versatility and diversification, creating conditions for seeking market maximization. After opening up the only complete heavy truck industrial chain in China, it will lay the foundation for achieving scale effect and reducing operating costs. "
The senior management of Weichai Power said that through resource integration, the company will comprehensively improve the utilization rate of resources in manufacturing, sales, procurement, services and other fields, and greatly reduce the operating costs of enterprises. The unified utilization of various resources will also effectively avoid repeated investment and improve the management and operation efficiency of enterprises. Give play to the core value advantages of power system, enhance the innovation ability of industrial core technology, give play to the advantages of industrial chain, and promote the development of complete vehicles.
Catering to the market development trend
It is understood that at present, Europe and the United States have the highest level of international commercial vehicle manufacturing, but the industrial chain development models of the two countries are different. The core components of European manufacturers, such as Volvo, Mann, Scania and Mercedes-Benz, are independently developed, while the powertrains of American commercial vehicle companies are mostly outsourced. The internationally famous parts manufacturers are concentrated in the United States, but there is no comprehensive powertrain manufacturer covering engines, gearboxes and axles. In this regard, Tan Xuguang said, "Weichai Power will further improve the conditions of cooperation with major international groups while building a complete industrial chain, accelerate the internationalization process of enterprises, and lay the foundation for enterprises to introduce foreign advanced technologies and open up the international market."
Li Mengtao analyzed that at present, the development trend of heavy truck industry in China with high horsepower, high load and high efficiency is very obvious, and the current core industrial chain of Weichai Power fully conforms to the development trend of the industry. Almost all mainstream heavy truck manufacturers have business dealings with Weichai Power, Fast and Hande Axle, and this industry pattern will be difficult to change in the next 3-5 years.
The data shows that from June 5438 to March 2007, the total sales volume of heavy truck industry in China was 105374 (chassis+complete vehicle+semi-trailer tractor), which increased by 59.67% year-on-year, making it the fastest growing sub-industry of commercial vehicle industry. Among them, Shaanxi National Heavy Duty Truck sold 14 127 vehicles, up10/%year-on-year, higher than the average growth rate of heavy truck industry, and its market share increased from 10.67% in the same period of 2005 to13. Fast sells about 6.5438+200,000 gearboxes, compared with 240,000 gearboxes in 2006. According to the statistics of the Automobile Association, Weifang Diesel Engine Factory sold 43,774 diesel engines, up 106% year-on-year (this data only includes automobile engines, involving WD 6 15/6 18226 b and other models, excluding diesel engines for construction machinery, ships and power generation).
For the newly listed Weichai Power, this kind of industrial integration has begun to show its leading position in the industry. Since then, the new Weichai Power has a high-growth and high-profit powertrain business, such as Weichai Power Engine, Fast Gearbox and Hande Heavy Truck Axle; Strong growth in automotive electronics business, such as spark plugs, air conditioners, lights and brakes; Vehicle business, such as Shaanxi automobile heavy truck and Dongfeng off-road vehicle. A relatively complete industrial chain of heavy trucks in China has been formed, paving the way for realizing scale effect, expanding national brands and entering the international market.
2007-04-30
Weichai Power (000338) was listed in Shenzhen today.
As the largest internal combustion engine manufacturer in China, two subsidiaries of Weichai Power (000338) and Weifang Diesel Engine Factory (Chai Wei Factory) under st Juli (000880) are listed on Shenzhen Stock Exchange at the same time today, realizing the return of Guodian in the A-share market.
Chai Wei Factory is the backbone enterprise of the internal combustion engine industry in China. In March 2004, Weichai Power (HK:2338) initiated by Wei Chai Factory was listed on the Hong Kong Stock Exchange, becoming the first engine enterprise in China to be listed on the main board of Hong Kong. On September 2, 2006, Weichai Power issued a plan to issue A shares and merge S Xiang Torch (000549). On February 29th, 2006, the plan was approved by Weichai Power and S Xiang Torch shareholders' meeting. On March 3rd, 2007, KLOC-0, Weichai Power issued A shares, which are listed on Shenzhen Stock Exchange today. ST Youli (000880) is a listed company on the verge of delisting rescued by Chai Weichang through the combination scheme of "reorganization+share reform". Through the net shell reorganization of *ST Youli, which has been suspended for three consecutive years, the medium-speed diesel assets were injected to complete the share reform and form the ability of sustainable development.
Tan Xuguang, Chairman and CEO of Weichai Power, said that the company, as a leading enterprise in the domestic internal combustion engine industry, currently has the best heavy truck industrial chain in China, such as Weichai Power Engine, Quick Gearbox, Hande Axle and Shaanxi Heavy Duty Truck. Listing on the Mainland will enable investors from Hong Kong and the Mainland to share the fruits of the company's rapid growth and lay a solid foundation for building the most competitive automobile parts industry chain in China. (
2007-04-29
Weichai Power: Risk Warning on the First Day of Listing
On April 30th, "Weichai Power" (stock code: 000338) will be listed and traded in this exchange. In order to prevent the trading risk of the stock on the first day of listing, 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 temporarily suspend trading 15 minutes; When the difference between the intraday increase and the opening increase reaches 90% or -90% for the first time, the exchange will temporarily suspend trading for 15 minutes. Intraday increase refers to the increase of intraday trading price relative to the stock issue price, and opening increase refers to the increase of opening price relative to the stock issue price.
After 14:50, if the shares meet the above conditions for temporary suspension, the Exchange will not suspend trading temporarily.
If the stock is temporarily suspended for more than 14:57, the Stock Exchange will resume trading in call auction on 14:57 and resume the closing in call auction.
During the temporary suspension, investors can continue to declare or cancel the declaration.
Two. The Exchange will focus on monitoring the trading of the 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 to the China Securities Regulatory Commission for investigation.
We solemnly remind investors to pay attention to investment risks, invest rationally and pay close attention to the announcement of temporary suspension.
Shenzhen Stock Exchange
April 30(th), 2007
2007-04-27
Thinking Innovation Weichai Power (000338) returned to A shares with great success.
On April 25th, Weichai Power officially announced: According to the notice of Shenzhen Stock Exchange, Weichai Power A shares are scheduled to be listed on April 30th. Since September 2nd last year, the company proposed the proposal of "Weichai Power H toA Absorbing and Merging Xiang Torch", and on February 29th, 65438, Weichai Power and S Xiang Torch were passed by five classified shareholders' meetings. With the guidance and support of the regulatory authorities, the most innovative "HtoA" case in China stock market finally came to a successful conclusion with the curtain call of S Xiang Torch and the appearance of Weichai Power.
The "HtoA" case of Weichai Power, which lasted for more than half a year, involved many concepts and fields, such as "absorption and merger of listed companies", "additional share exchange" and "share-splitting reform". It was the first case implemented under the conditions of "two legal environments" and a specific share reform law. The design idea, realization principle and trading conditions of the whole scheme fully reflect the business wisdom of Weichai Power Team. The implementation of this plan involves the assets and business operations of 15 urban enterprises, and has been strongly supported by Hunan, Shaanxi and Shandong provinces. Weichai Power, a H-share company, has realized three major capital innovation operations: returning to the mainland to issue A shares, exchanging shares to absorb and merge Hunan Torch, and integrating Hunan Torch's share reform. Became the first blue-chip company to return to A-shares through stock exchange and merger, and created the "Wei Chai model" of the capital market.
According to reports, after the reunification, Xinweichai is an automobile and parts industry group with assets exceeding 20 billion and employees exceeding 30,000, and will be the representative of outstanding blue-chip companies with scarce main boards in Shenzhen. For investors in the market, the merged new Weichai Power will present good development prospects and strong profitability, and investors of A shares and H shares will share the results of the merger. For Weichai Power, this kind of industrial integration has begun to show its leading position in the industry. Since then, the new Weichai Power has high-growth and high-profit powertrain business, such as Weichai Power Engine, Fast Gearbox and Hande Heavy Truck Axle, strong-growth automotive electronics business, such as spark plugs, air conditioners, lamps and brakes, and vehicle business, such as Shaanxi Heavy Truck and Dongfeng Off-Road Vehicle. The most complete industrial chain of heavy trucks in China has been formed, which has laid a foundation for realizing scale effect, expanding national brands and entering the international market.
Tan Xuguang, chairman of the board of directors, told reporters that the resources faced by enterprises today are all equal, and the development and promotion lies in the integration ability. In the face of the integration task after the acquisition of Hunan Torch, we innovated our thinking and completed the industrial integration that took three or even five years in less than one year, creating opportunities for striding into the international market and building an international national enterprise group.
2007-04-26
Weichai Power (000338) will be listed on Shenzhen Stock Exchange on 30th.
On April 25th, Weichai Power (2338 HK) officially issued an announcement. According to the notice of Shenzhen Stock Exchange, Weichai Power (000338)A shares are scheduled to be listed on April 30th.
Since the company put forward the proposal of "Weichai Power's H-to-A absorption and merger of Hunan Torch" on September 2nd last year, and passed Weichai Power and S-to-Xiang Torch at five classified shareholders' meetings on February 29th, 65438, the most innovative case of "H-to-A" in China stock market finally came to an end with the curtain call of S-to-Xiang Torch (000549) and the appearance of Weichai Power.
After the reunification, Xinweichai is an automobile and parts industry group with assets exceeding 20 billion and employees exceeding 30,000. It will be the representative of outstanding blue-chip companies with scarce main boards in Shenzhen. For investors in the market, the merged new Weichai Power will present good development prospects and strong profitability, and investors of A shares and H shares will share the results of the merger.
2007-03-28
Weichai Power A-share IPO application approved.
The issuance examination committee of China Securities Regulatory Commission held an examination meeting yesterday, and approved the initial application for A shares of Weichai Power Co., Ltd..
It is reported that Weichai Power Company intends to absorb and merge Hunan Torch, a listed company, through this issuance by way of share exchange, and complete the share-trading reform of Hunan Torch. According to the pre-disclosed information, Weichai Power plans to issue 65.438+0.9 billion A shares, with a total share capital of 520 million shares after issuance. The issue price per share is 20.47 yuan, and the actual conversion ratio of tradable shares is 3.4 1: 1. After the stock exchange is completed, Xiang Torch will be cancelled, Weichai Power will be the surviving company after the merger and apply for listing on Shenzhen Stock Exchange.
2007-03-26
Weichai Power IPO application will be held on Tuesday.
The issuance review committee of China Securities Regulatory Commission is scheduled to hold the 3rd1issuance review meeting in 2007 on March 27th. The initial application of Wei Fen Co., Ltd. will be reviewed.
At the 28th meeting of issuance review held on 23rd, the initial applications of Zhejiang Southeast Power Grid Co., Ltd. and Tianjin Pulin Circuit Co., Ltd. passed the issuance review respectively. (Yu Yang)