MAN Finance and Holding S.A. Sells Approximately 81 Million Shares in SINOTRUK at HK$40.09 Each

Stock News
04/17

Latest data from the Hong Kong Stock Exchange reveals that on April 13, MAN Finance and Holding S.A. disposed of 81,049,665 shares of SINOTRUK (03808) at a price of HK$40.09 per share. The total value of the transaction amounted to approximately HK$3.249 billion. Following this disposal, MAN's shareholding in the company decreased to about 552 million shares, representing a 20.00% stake. The transaction involved other related parties: Ferdinand Porsche Familien-Privatstiftung and Ferdinand Porsche Familien-Holding GmbH. Additional information notes that the block trade resulted in the transfer of SINOTRUK ordinary shares to purchasers. As MAN is indirectly owned by these Porsche family entities, they are considered to have an interest in the shares held by MAN.

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