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Weichai Power Co., Ltd. announced that shareholders approved all resolutions at its extraordinary general meeting on January 30, 2026. This includes extending a non-competition agreement with Shandong Heavy Industry and electing two new directors: Zhang Weili as an independent non-executive director and Wang Yanlei as a non-executive director. These changes aim to enhance governance and manage conflicts of interest. The stock has a Buy rating with a target price of HK$34.00 and a market cap of HK$232.7B.
Weichai Power Company Limited held an extraordinary general meeting on January 30, 2026, where shareholders approved the election of Ms. Zhang Weili as an independent non-executive Director and Mr. Wang Yanlei as a non-executive Director. Changes in the composition of board committees were also approved.
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Fenglong Asia announced that its indirect subsidiary Guangxi Yuchai Ship Electric Power has applied for listing in Hong Kong. Fenglong Asia holds 48.7% of China Yuchai International, which is listed on the New York Stock Exchange. Fenglong Asia submitted a spin-off listing application to the Singapore Exchange, which has been confirmed as "no comments," but still requires regulatory approval. It is expected that this spin-off will not require shareholder approval, but it is still uncertain whether it can be realized
