Sinotruk Hong Kong (HK:3808) has released an update.
Sinotruk (Hong Kong) Limited is undergoing a strategic reorganization by voluntarily liquidating its Sinotruk Finance Co to comply with PRC regulations, and making a substantial capital contribution to SHIG Finance Co, securing a 37.5% stake. This move aligns with new agreements for ongoing financial services that will now be provided by SHIG Finance Group.
For further insights into HK:3808 stock, check out TipRanks’ Stock Analysis page.
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