News Column

BAIC Motor Plans HK IPO in Q2

January 20, 2014

SHANGHAI , January 20 , SinoCast -- BAIC Motor Plans to launch an IPO in Hong Kong in the second quarter and finance USD 2 billion . BAIC Motor is a passenger car business of BAIC Group and it is partly held by Daimler. Goldman Sachs , Morgan Stanley , Citic Securities , Deutsche Bank and HSBC will arrange the IPO.

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Source: Sinocast Transportation Beat (China)

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