Weichai Power (SHE:000338, HKG:2338) has decided to repurchase and cancel granted but not unlocked 300,000 restricted shares held by a certain incentive participant with a budget of 1.7 million yuan, a Friday Hong Kong bourse filing said.
The said incentive participant is subject to re-designation.
The company had, previously on Dec. 30, 2024, approved of repurchase and cancellation of about 1.6 million granted but not unlocked restricted shares held be eight incentive participants. These participants were subject to certain applicable circumstances such as re-designation or resignation.
Upon the completion of repurchase and cancellation, the company's registered capital will drop to around 8.72 billion yuan from about 8.73 billion yuan.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.