Optimize industrial layout Weichai Heavy Machinery (000880.SZ) intends to acquire 100% equity of Changbo Company for 492 million yuan.

China Fortune Financial News APP News, Weichai Heavy Machinery (000880.SZ) announced that the company plans to pay cash to purchase 100% equity of Changzhou Fiberglass Shipyard Co., Ltd. (referred to as "Changbo Company") held by its controlling shareholder Weichai Group Limited (referred to as "Weichai Group") at a price of 492 million yuan. After the transaction is completed, Changbo Company will become a wholly-owned subsidiary of the company. Changbo Company has subscribed but has not yet paid in the registered capital of 400 million yuan, and the outstanding contribution obligation will be fulfilled by the company.