China National Heavy Duty Truck Group announced that it will transfer its 51% stake in China National Heavy Duty Truck (03808)

China National Heavy Duty Truck Group announced that it will transfer its 51% issued share capital in China National Heavy Duty Truck (03808) to its wholly-owned subsidiary China National Heavy Duty Truck (Virgin Islands) Co., Ltd. for free on December 20, 2024. The equity transfer is subject to certain conditions, including obtaining an exemption from the Hong Kong Securities and Futures Commission from its obligation to perform a mandatory general offer under Rule 26.1 of the Takeover Code.