22 Jan 2024

Shandong Heavy Industry Group Invests 40% in MNC Leasing

Jakarta, 22 January 2024 - Shandong Heavy Industry Group (SHIG), one of the largest heavy equipment and truck manufacturing companies in China, through its subsidiary SINOTRUK, has signed a joint venture (JV) agreement with PT MNC Kapital Indonesia Tbk (IDX: BCAP) for ownership in one of BCAP's subsidiaries, MNC Leasing. Therefore, SINOTRUK will own 40% of MNC Leasing, a heavy equipment and truck financing company under MNC Group.
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