Weichai acquires 19.9% stake in Ballard Power Systems for US$163.6M

Weichai Power's subsidiary Weichai HK acquired 46.1 million common shares, about 19.9% of Ballard Power Systems, in exchange for an equity investment of about US$163.6 million, a China joint venture, and a $90 million technology transfer program.

“Weichai HK acquired 46,131,712 common shares ... representing approximately 19.9% of the Company's issued and outstanding Common Shares.”newswire.ca

• 1 source
• newswire.caWeichai Power Hong Kong International Development Co. ("Weichai HK") Announces Acquisition of Common Shares of Ballard Power Systems Inc.Nov 13, 2018

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