BYD Co Ltd, the Chinese car maker backed by US billionaire investor Warren Buffett, said late Thursday that it had received formal approval from China’s top securities regulator for an A-share listing on the Shenzhen market.

The company, which already has shares listed in Hong Kong, planned to list no more than 79 million yuan-denominated shares, or A-shares, on the Shenzhen bourse, according to a statement filed with the Shenzhen Stock Exchange.

The auto maker, in which Buffett’s Berkshire Hathaway Inc has a 9.9 percent stake, also said it would start the IPO roadshow on June 20.

Via: ChinaDaily.

Recommended for you

Beijing Auto Show 2026 draws 1.28 million visitors, 181 debuts and 71 concept cars

BYD under pressure as sales fall for eighth straight month in April despite record overseas deliveries

EXCLUSIVE: BYD in talks to take over part of Volkswagen’s Dresden plant