The company said the mixed-ownership reform proposal was approved by the country's top economic regulator, the National Development and Reform Commission, and the share issue proposal has been approved by the board of China Unicom's listed company.
The company is also providing comprehensive solutions such as car financing and building its own sales networks to prevent an overreliance on local partners. While consolidating its position in Africa and Southeast Asia, Sinotruk is making forays into developed countries, including Ireland, Australia and New Zealand.
The company officially unveiled eight liquor and tobacco duty-free stores spanning 3,400 square meters at Hong Kong International Airport on Thursday, in a joint venture with French travel retailer Lagardere Services under a new brand of Duty Zero by CDF.
The company is expected to go public by the end of the year "if everything goes right," because Chinese officials do not want to let down the investors in the initial phase, according to people familiar with the matter.
The company plans to provide free services for poor households and make donation to transform TV signals for those in need.
The company set up its first dry yeast facility in Egypt in 2010 about 100 kilometers from the capital Cairo. About 70 percent of the yeast products made in the first unit have been exported to the Middle East and African markets.
巨鹿县素质教育学校在哪儿
The company's mobile subscribers totaled 330 million by the end of September, a net increase of 27.43 million. The number of 4G subscribers added 32.94 million to 275 million.
The company ignited public outrage on March 13, 2017, when a netizen reported subway Line 3 in Xi'an had serious security risks and the cables used in the line were substandard and might ignite or release toxic gases.
The company posted a revenue of 552.2 billion yuan (.8 billion) and profit of 34.53 billion yuan in 2019. It also topped the steel sector in terms of business scale and profitability worldwide and was ranked 111th in the latest Fortune Global 500 rankings.
The company said revenue was 72.5 billion yuan (.5 billion) in the first half of the year, up nearly 40 percent compared with the same period in 2019. Profit rose nearly 12 times to 21.9 billion yuan in the same period.