Sinotruk prepares to raise up to 1 billion Us $ in Hongkong

　China National Heavy Duty Truck Co, the country's third largest heavy truck maker, kicked off its pre-marketing to raise up to $1 billion in a Hong Kong initial public offering, Reuters reported yesterday, citing a source.

　　The company, also known as Sinotruck, has set up a truck manufacturing joint venture with Sweden-based Volvo, the world's second largest truck maker.

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