Summary by Moomoo AI
WEICHAI POWER CO., LTD. ANNOUNCED ON 12 APRIL 2024 THAT THE ORIGINAL PLAN TO SPLIT ITS FLAGSHIP SUBSIDIARY WEICHAREVO INTELLIGENT AGRICULTURAL TECHNOLOGY CO., LTD. INTO A STARTUP LISTING WILL BE TEMPORARILY TERMINATED. This decision has been made after taking into account factors such as the current market environment, with adequate communication and due diligence with relevant parties. The Company stated that this move will not have a material adverse effect on its existing production operations and financial condition, nor will it affect the implementation of the Company's future strategic planning. WEICHAI FURTHER COMMITS TO NO FURTHER MAJOR ASSET RESTRUCTURING ACTIVITIES WITHIN ONE MONTH AFTER ANNOUNCING THE PROVISIONAL TERMINATION OF ITS LISTING OFFERINGS. The decision was adopted at the company's first interim board meeting and supervisory board meeting in 2024.