China: Guangzhou Auto Group seeks backdoor listing

Chinese vehicle manufacturer Guangzhou Automobile Group is seeking a backdoor listing on the Hong Kong stock exchange. The OEM's strategy is to seek listing through Denway Motors, a company in which it holds a 37.9% holding and which is listed on the Hong Kong exchange. A statement released by Denway Motors says Subscribe to Automotive … Continued

• By Webmaster
• February 24, 2010