XCMG Automotive is reportedly considering a Hong Kong IPO, planning to raise up to $500 million.

Media sources citing insiders say that China’s truck manufacturer Xuzhou XCMG Automobile Manufacturing Co., Ltd. is considering a listing in Hong Kong.
Insiders stated that the company plans to raise up to $500 million through a stock offering, possibly as early as this year.
The insiders added that discussions regarding details such as the transaction size and timing are still ongoing. (Sina Finance)

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