Weichai Power pauses ChiNext board spin-off plans

Weichai Power Co., Ltd. announced today a temporary termination of the planned spin-off and separate listing of its controlling subsidiary, Weichai Torch Technology Co., Ltd., on the ChiNext Board of the Shenzhen Stock Exchange. The decision, according to the company, was influenced by factors including the prevailing market environment and the need to coordinate business development and capital operational planning for Torch Technology.