Jakarta, 22 January 2024 – Shandong Heavy Industry Group (SHIG), one of the largest heavy equipment and truck manufacturing companies in China, through its subsidiary SINOTRUK, has signed a joint venture (JV) agreement with PT MNC Kapital Indonesia Tbk (IDX: BCAP) for ownership in one of BCAP’s subsidiaries, MNC Leasing. Therefore, SINOTRUK will own 40% of MNC Leasing, a heavy equipment and truck financing company under MNC Group.