Sinotruk (Hong Kong) will lower its debt-equity ratio to 55 per cent from 82.2 per cent after its initial public offering this month.Thursday, 15 November, 2007, 12:00am
Sinotruk (Hong Kong), a mainland red-chip firm seeking to raise up to US$1.15 billion in Hong Kong, has priced its shares at a relatively expensive 15 to 20 times forward earnings, hoping to take advantage of strong market liquidity, according to market sources.13 Nov 2007 - 12:00am
China National Heavy Duty Truck, one of the country's top three heavy-duty truck manufacturers, will inject its entire stake in a Shenzhen-listed company into its Hong Kong-based unit, which is seeking to list in Hong Kong in June.7 Apr 2007 - 12:00am
China National Heavy Duty Truck Group, the mainland's third-largest truck maker, planned to raise between $5.5 billion and $7.8 billion in an initial public offering in Hong Kong by the end of the year, market sources said.
United States investment bank JP Morgan was among the banks that had been hired to arrange the share sale, the sources said. The bank declined to comment.27 Jun 2006 - 12:00am
Heavy-duty engine producer to raise holding in truck maker for 684m yuan
Weichai Power, one of China's largest makers of engines for heavy-duty trucks, is to tighten its grip on a truck manufacturing associate for 684.75 million yuan.15 May 2006 - 12:00am
Hong Kong-listed truck engine producer Weichai Power has gained approval to split with its parent company - China National Heavy Duty Truck Group (CNHDT) - which is preparing for a red-chip listing.
The parent company's stake in Weichai will be transferred to an administrative unit of the Shangdong provincial government, according to a filing with the stock exchange yesterday,24 Mar 2006 - 12:00am