July 4 (NBD) -- Weichai Power Co Ltd (000338.SZ) made an announcement Wednesday saying it has bought about 2.05 million shares in its overseas unit KION Group AG at the secondary market via Barclays Bank. 

The deal is engineered to enhance the company's core competency and internationalization as well as strengthen its distribution and synergy of quality overseas resources. 

After the transaction, the Shandong, China-based diesel engine manufacturer's shareholding in KION will increase to 45 percent from 43.26 percent. 

Email: lansuying@nbd.com.cn