MAN, which will become Sinotruk’s second-largest shareholder after parent China National Heavy Duty Truck agreed to pay a 21% premium added to the shares’ 60-day trading average.
The new export model will be produced in China and based on MAN technologies that the German company will licence to Sinotruk. China National Heavy Duty Truck, which is controlled by the Shandong provincial government, first licensed MAN technologies in the early 1980s.
You must log in to post a comment.
Yes, I would like to receive emails from China Economic Review. (You can unsubscribe anytime)
Copyright © 2018 SinoMedia Group Limited All rights reserved