Weichai Power Hong Kong International Development Co. Limited Announces Sale of Common Shares of Ballard Power Systems Inc | BLDP Stock News
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Weichai Power Hong Kong International Development Co. Limited announced the sale of 6,878,886 common shares of Ballard Power Systems Inc. for an average price of Cdn$5.78 per share, totaling Cdn$39,737,594.05. Following the sale, Weichai holds 39,252,826 shares, approximately 13.02% of Ballard's total shares. Weichai may consider future actions regarding its holdings, including potential purchases or sales. Under an investor rights agreement, Weichai can nominate two directors if it holds at least 15% of Ballard's shares.
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