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Article: BRIEFING - ASIA AUTOMOTIVE - OCT 13, 2009.

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AsiaPulse News
Article date:
October 13, 2009
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An executive briefing on the automotive industry for Oct 13, 2009, prepared by Asia Pulse (http://www.asiapulse.com), the real-time, Asia-based wire with exclusive news, commercial intelligence and business opportunities.

SINOTRUK SELLS 25% PLUS 1 SHARE TO MAN SE

BEIJING - Sinotruk (SEHK:3808), a Hong Kong-listed subsidiary of China National Heavy Duty Truck Group Co. (CNHTC), said Monday that it had contracted to sell a 25 per cent stake plus one share to German truck maker MAN SE at a price of 560 million Euros (US$827.51 million), or 8.76 HK dollars (US$1.13) per share.

The two parties signed the share purchase agreement and technology ...

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