China National Heavy Duty Truck issued a clarification announcement today. According to the announcement, on March 22, 2009, the "Economic Observer" and other related media reported or reproduced the article titled "China National Heavy Duty Truck seeks capital reorganization: three-direction action merger and march." This article mainly deals with the following issues: 1. China National Heavy Duty Truck is seeking capital reorganization. Several domestic and foreign mergers and reorganization projects are under negotiation. The domestic targets are mainly aimed at related industries, and the reorganization is concentrated on the bus companies and engineering machinery. The fastest bus vehicle restructuring project will be announced at the end of the second quarter. 2. Reorganization of Zhongtong Rumors in which China National Heavy Duty Trucks indirectly controls Zhongtong Bus and China National Heavy Duty Truck Group injected the premium assets of its passenger car companies and commercial vehicle companies into Zhongtong Bus to complete the reorganization. 3. Shandong Construction Machinery Group may become another target for the restructuring of Sinotruk. After verification, none of the above rumors are true.
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