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Weichai Power Parent to Merge with 2 Shandong Firms

05-25 11:50 Caijing

Full article in Chinese: http://www.caijing.com.cn/2009-05-25/110170853.html

» Diesel engine maker Weichai Power Co. (SZA 000338) said its parent, Weichai Holdings Group, will merge with Shandong Construction Machinery Group and Shandong Auto Industry Group after an asset restructuring.
» The manufacturer said the merged company will be called Shandong Heavy Machinery Group.
» Weichai Holdings Group also owns 30.6 percent of another Shenzhen-listed company, Weichai Heavy Machinery (SZA 000880), while Shandong Construction holds a 21.1 percent stake in Shantui Construction Machinery (SZA 000680).
» Weichai Power said it would release further details of the asset restructuring later, without elaborating.
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