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Weichai Power has unveiled its intention to spin off its wholly-owned subsidiary, Weichai Lovol Intelligent Agricultural Technology Co., Ltd., for a listing on the main board of the Hong Kong Stock Exchange. Post-spin-off, the company's shareholding structure will remain unaltered, with Weichai Power retaining a controlling interest in Weichai Lovol. The rationale behind this strategic move is to allow Weichai Power to concentrate further on its core operations while establishing Weichai Lovol as a standalone, publicly traded entity. By leveraging the capital market, this initiative aims to optimize resource allocation, foster synergies and accelerated growth between the two entities, and bolster Weichai Lovol's overall competitiveness, brand recognition, and market presence.
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