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Hong Kong stocks fluctuated | SINOTRUK (03808) rose over 3% as the effects of the trade-in policy continue to show, with Institutions being Bullish on the increase in the company's heavy truck sales growth.
SINOTRUK (03808) rose over 3%, as of the time of writing, up 3.75%, at HKD 23.5, with a trading volume of 58.8838 million HKD.
Soochow Securities: The trade-in effect is significant, and the rebound of heavy trucks is expected to arrive by the end of the year.
The effects of the current vehicle trade-in policy continue to emerge, with December heavy truck sales expected to reach 70,000 units or more, representing a year-on-year increase of over +13%/+23%.
Announcement highlights | CHINA POWER's electricity sales volume increased by nearly 30% year-on-year in the first 11 months; WUXI APPTEC plans to sell its WuXi ATU Business in the USA and United Kingdom.
WUXI APPTEC plans to sell its WuXi ATU Business in the USA and United Kingdom; GF SEC's proprietary business can participate in carbon emission trading at legal trading venues within the territory.
[Hong Kong Stock Connect] SINOTRUK (03808) initially rose by 4.93%, the company's direct controlling Shareholder has changed.
King Wu Financial News | SINOTRUK (03808) strengthened in early trading, as of the time of writing, it rose by 4.93% to HKD 23.4, with a transaction volume of HKD 6.35 million. In terms of news, SINOTRUK announced that its controlling Shareholder SINOTRUK (British Virgin Islands) entered into a share transfer agreement with SINOTRUK Group to transfer 51% of the company's issued share capital to SINOTRUK. Upon completion of the Trade, SINOTRUK (British Virgin Islands) will no longer Hold any rights in the company, and SINOTRUK will become the direct holder of the transferred shares.
Here's What's Concerning About Sinotruk Jinan TruckLtd's (SZSE:000951) Returns On Capital
SINOTRUK (03808.HK): Wang Dechun has been appointed as Executive Director and Chief Executive Officer.
Gelonghui, December 20 - SINOTRUK (03808.HK) announced that effective from December 20, 2024: (i) Richard von Braunschweig has resigned from his positions as Executive Director, member of the Executive Committee, and member of the Global Strategy and Investment Committee; (ii) Wang Dechun has been appointed as Executive Director, Chief Executive Officer, and member of the Executive Committee; and (iii) Han Xing has been appointed as Executive Director, member of the Executive Committee, and member of the Global Strategy and Investment Committee.
Why We're Not Concerned About Sinotruk Jinan Truck Co.,Ltd.'s (SZSE:000951) Share Price
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