Canadian Firm: Weichai Power and Cent Stake

canadian firm: The agreement will make it the fuel cell firm's largest shareholder, according to The Toronto Star. Ballard CEO Randy Mac Ewen shakes hands with Weichai Power Chairman and CEO Tan Xuguang. Weichai Power has signed a deal to acquire a 19.9 per cent stake in Ballard for 163 million and establish a joint venture in China with the Canadian firm. The deal helped boost Ballard shares up more than 15 per cent. Ltd. Twitter/Ballard Pwr Another 20 million will come from current Ballard investor and Chinese partner, Zhongshan Broad-Ocean Motor Co. (news.financializer.com). As reported in the news.