Heavy Turbo 28% introducing strong strategic shareholder to promote development

The Chinese heavy truck, which had earlier been affected by a sharp drop in car sales and a fall in selling prices, issued a medium-term profit warning, which opened 27.83% to HK $9.6 in advance of the deal this morning, and 2.64 million shares before the market, and was driven by the introduction of strong foreign strategic shareholders as partners. As the company announced, the German truck manufacturing and engineering company, the world's third-largest heavy truck maker, plans to spend 560 million euros on a total of 25% plus 1 shares in China's man-xe, including convertible bonds and some share acquisitions, priced at about 0.8113 euros per share, equivalent to HK $8.76. Man will combine the advanced technology and engineering knowledge developed in Europe with the existing manufacturing platform of China heavy duty truck and its local experience and extensive sales network in China; It will also authorize the use of TGA trucks, including engines, chassis and axle technology, to provide a basis for the production of a new series of heavy-duty trucks.