Sinotruk prepares to raise up to 1 billion Us $ in Hongkong
November 06,2007
China National Heavy Duty Truck Co, the country's third largest heavy truck maker, kicked off its pre-marketing to raise up to $1 billion in a Hong Kong initial public offering, Reuters reported yesterday, citing a source.
The company, also known as Sinotruck, has set up a truck manufacturing joint venture with Sweden-based Volvo, the world's second largest truck maker.
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