# Sinotruk acquires 40% stake in MNC Leasing for IDR 274 billion

Shandong Heavy Industry Group's subsidiary Sinotruk signed a joint venture agreement to acquire a 40% stake in MNC Leasing for IDR 274 billion. The capital will be used for office network expansion near mining areas and to enhance capital structure.

- Type: Acquisition
- Announced: 2024-01-23
- Where: Jakarta, Indonesia
- Value: $17.5M (274.0B IDR)
- Status: announced
- Products: heavy equipment, trucks, leasing services
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md), [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Shandong Heavy Industry Group](https://endata.com/companies/37551.md)
- [SINOTRUK](https://endata.com/companies/19998.md) (acquirer)
- [MNC Leasing](https://endata.com/companies/75166.md) (target)
- [PT MNC Kapital Indonesia Tbk](https://endata.com/companies/75167.md) (partner)

## Sources

- [idnfinancials.com](https://www.idnfinancials.com/cn/news/48936/shandong-heavy-industry-signed-jv-agreement-with-mnc-leasing), 2024-01-23: "MNC Group will also continue to support and share significant collaborative value to Sinotruk, thus allowing them to move forward sustainably."
- [idnfinancials.com](https://www.idnfinancials.com/jp/news/48936/shandong-heavy-industry-signed-jv-agreement-with-mnc-leasing), 2024-01-23: "MNC Group will also continue to support and share significant collaborative value to Sinotruk, thus allowing them to move forward sustainably."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.