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Article: CHERY TO INVEST MORE IN NEW ENERGY PRODUCTS AFTER LISTING

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AsiaInfo Services
Article date:
September 8, 2009
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AsiaInfo Services
09-08-2009
Chery to Invest More in New Energy Products after Listing

HEFEI, Sep 08, 2009 (SinoCast Daily Business Beat via COMTEX) -- Chery Automobile Co., Ltd., one of China's leading private carmakers, will strive to go public on the A-share market in the first half of 2010 at the earliest, and the money gained from its IPO will be mainly used for development of new energy products.

As early as 2004, the company was ready for the Chinese yuan-denominated A-share listing. Related documents were submitted to the China Securities Regulatory Commission (CSRC) in 2008, but the securities watchdog suspended check and approval of all IPO applications amid the global economic ...

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