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Stock Exchange - China - Third-largest truck maker seeks HK IPO
Singapore,China -China Knowledge Online -Jun. 1, 2006: -- China National Heavy Duty Truck Corp. (CNHTC), the country’s third-largest heavy truck maker, is planning to raise between HK$3.1 and HK$3.9 billion in an IPO on the Hong Kong Stock Exchange... The listing is supposed to take place some time at the end of this year... The Shandong-based company has hired China International Capital Corp. Ltd. as its joint sponsor and financial advisor to reorganize its assets ahead of the listing. JPMorgan Chase & Co. is to be the other sponsor... CNHTC expects the listing to help it boost its production capacity of heavy trucks to 120,000 by 2010 from 45,000 last year, which accounted for 20% of the domestic market...
posted by Unknown @ 12:25 PM
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