Weichai Power Notice ：Reorganization of Shandong Heavy Industry Group
2009-05-26 Source：english.chinabuses.com
Summarize：Weichai Power (35.91, 0.69, 1.96%) Co., Ltd. (hereinafter referred to as "the Company") received a notice on May 22, 2009,from the largest shareholder of the Company ,Weichai Holding Group Co., Ltd. ( ...
Weichai Power (35.91, 0.69, 1.96%) Co., Ltd. (hereinafter referred to as "the Company") received a notice on May 22, 2009,from the largest shareholder of the Company ,Weichai Holding Group Co., Ltd. (hereinafter referred to as " Weichai holding " ,which holds 14.92% of the Company's shares).According to office meeting of Shandong Provincial People's Government’ governor (hereinafter referred to as "meeting summary"), agreed on the reorganization of Weichai holding, Shandong Engineering Machinery Group Co., Ltd. and Shandong Automobile Industry Group Co., Ltd., and set up Shandong Heavy Industry Group Co., Ltd. (tentative name, hereinafter referred to as "Shandong Heavy Industry Group").
According to the meeting summary, after the reorganization, Shandong Heavy Industry Group and its subsidiary companies establish a standard management system, based on "Company Law" and the requirements of modern enterprise system, establish a standard corporate governance structure. The reorganization of Shandong Heavy Industry Group still has the same legal status.
After the implementation of this reorganization, the actual controller of the Company will be the same.
The company will act in accordance with the above-mentioned reorganization, in accordance with the relevant provisions of the listing rules and timely fulfill obligations of information disclosure.
Weichai Power Co., Ltd. Board of Directors
May 12, 2009
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