China National Heavy Duty Truck Group Co., Ltd. agreed to acquire 40% stake in PT MNC Guna Usaha Indonesia from PT MNC Kapital Indonesia Tbk (IDX:BCAP) for approximately IDR 270 billion on January 22, 2024. The consideration will be divided into 20% of existing shares owned by BCAP and the issuance of new shares of 20%. The funds obtained from the issuance of new shares will be used to expand MNC Leasing's branch network, especially in mining areas, to be closer to heavy equipment business people.

With the new shareholder, MNC Leasing will change its management team. Two directors and one commissioner from SINOTRUK will join the team. The transaction is subject to approval from Otoritas Jasa Keuangan.