May 05, 2024

Weichai Power intends to acquire 4.95% shares of KION

Weichai Power issued an announcement on the evening of March 29, 2015. In order to enhance the company's core competitiveness and internationalization level, the company plans to indirectly wholly-owned due to the recent excellent business performance of KION GROUP AG (hereinafter referred to as “KION”). Subsidiary Weichai Power (Luxembourg) Holding S. rl ("Weichai Luxemburg") purchased 4.9 million shares of Superlift Holding S. rl (hereinafter referred to as "Superlift") at a price of 38.15 Euro per share. The shares of the company accounted for 4.95% of the total issued shares of KION, and the total purchase price was 186.835 million euros, which also bear the corresponding transaction costs. After the completion of the transaction, the proportion of the company's indirect ownership of KION's shares will further increase to 38.25%.

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