China’s car maker BYD gets approval for IPO

Reading Time: < 1 minute

News like this to your inbox or phone?

Weekly summary to your inbox

Never miss and important news

Get Instant notification once the news is published.

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.

- Advertisement -

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.

- Advertisement -

Via: ChinaDaily.

- Advertisement -

- Advertisement -

New Chinese EVs marketplace with the lowest prices & worldwide shipping.

- Advertisement -

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

- Advertisement -