Sinotruk likely to list in Hong Kong stock market

Sinotruk, one of China top there heavy truck makers, is hopefully to be listed in the Hong Kong stock market, and the Group plans fund raising of RMB 3 billion yuan. Its major competitor, Weichai Power set an example of successful listing both in A-share and H-share markets.

The to-be listed Corporation is to be called Sinotruk Hong Kong Ltd., and assets include 63.78% share of Sinotruk, assets of engine plants, commercial vehicle company assets and R&D center.

In the first half of 2007, Sinotruk sales of heavy duty trucks exceeded 50,000 units, while in 2006, the total sales were 60,000 units, it is expected that the output of this year will outperform than it's scheduled.

In overseas market, Sinotruk exported its products to Russia, South Africa and many other markets.