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MARKET SHARES * China - Truck maker CNHTC plans $845 mln asset shift
Shanghai,China -Reuters (USA) -April 6, 2007: -- China National Heavy Duty Truck Co. (CNHTC) plans to transfer its entire stake in CNHTC Jinan Truck Co. Ltd. to a Hong Kong-based unit in an $845 million deal, paving the way for an overseas listing of the country's third-largest truck marker... CNHTC will transfer its 63.78 percent holding in the Shenzhen-listed unit to CNHTC Hong Kong via a newly formed shell company registered in the Virgin Islands, CNHTC Jinan said in a statement on Friday... Sources close to the company told Reuters in January that CNHTC, Volvo's China partner, planned to list in Hong Kong in June, raising between US$300 million and US$500 million...
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