chinese-truck-maker-takes-ipo-on-the-road

Chinese truck maker takes IPO on the road

Sinotruk launches its $1.2 billion offering amid increasing market volatility and will have to fight for investor attention with several other transport-related companies.
ChinaÆs largest heavy truck manufacturer Sinotruk Hong Kong is the latest company to kick off the institutional roadshow for an initial public offering in what promises to be a month heavily focused on transport.

Also in the market is Sinotrans Shipping, a dry-bulk shipping company that is looking to raise up to $1.47 billion in an offering that closes on Thursday. And yesterday, China Railway Group also kicked-off pre-marketing for the H-share portion of a near simultaneous A- and H-share listing that could raise a combined $3.5 billion. Being Asia's largest construction contractor in terms of revenues, China Railway Group should perhaps be viewed as an infrastructure play rather than a transport play, but in...
¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222