New Stock News | It is reported that Xugong Automobile is considering listing in Hong Kong as early as this year, planning to raise up to 500 million US dollars.

According to the Economic Daily News App, it has been reported that Chinese truck company XCMG Automotive is considering going public in Hong Kong as soon as this year. The report cites insiders as saying that the company plans to raise up to $500 million through stock issuance, possibly as early as this year. Insiders further said that discussions on details such as the size and timing of the transaction are still ongoing.