BYD gets approval
June 17, 2011, Friday
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Print Edition
Print Edition
BYD Co, the Chinese car maker backed by US billionaire investor Warren Buffett, yesterday said it has received 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 next Monday.
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 next Monday.
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