China National Heavy Duty Truck (Sinotruk) issued an official clarification today to address recent media reports that have sparked speculation about its corporate strategy. The statement came in response to articles published by the "Economic Observer" and other media outlets on March 22, 2009, which claimed that Sinotruk is pursuing a capital reorganization involving multiple merger and acquisition initiatives. According to the report, the company is reportedly exploring several domestic and international restructuring opportunities. The focus of these efforts is said to be on related industries, particularly in the bus and engineering machinery sectors. One of the most advanced projects, centered on the restructuring of bus operations, is expected to be officially announced by the end of the second quarter of 2009. Additionally, the article mentioned rumors that Sinotruk may be indirectly controlling Zhongtong Bus, with the company potentially injecting premium assets from its passenger car and commercial vehicle divisions into the bus subsidiary as part of a broader reorganization plan. Another claim suggested that Shandong Construction Machinery Group could become a potential target for Sinotruk's restructuring efforts. However, in its official statement, Sinotruk denied all of these claims, emphasizing that none of the reported information is accurate. The company reiterated its commitment to transparency and responsible corporate governance, while also expressing concern over the spread of unverified information that could mislead investors and the public. This clarification comes at a time when market confidence in major Chinese industrial firms remains closely watched, especially as companies continue to navigate complex business environments and strategic shifts. Investors and industry observers are now awaiting further official updates from Sinotruk regarding its future plans.

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