Chinese authorities approved the purchase of Volvo Group’s equity interest in Jinan Huawo Truck Corporation by CNHTC

The Chinese authorities have approved an agreement according to which Sinotruk (BVI) Limited, a wholly owned subsidiary of China National Heavy Duty Truck Group Corporation (CNHTC), and CNHTC will purchase all of the Volvo Group’s equity interest in Jinan Huawo Truck Corporation (Joint Venture). The Volvo Group’s holding amounted to 50% of the equity interest.