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China carmaker Dongfeng eyes HK listing-report

HONG KONG, Feb 16 (Reuters) - China's third-largest carmaker Dongfeng Motor Corp is preparing for a Hong Kong initial public offering that could be worth US$1-$2 billion, the South China Morning Post reported on Monday, citing unidentified investment bankers pitching to underwrite the deal.

The company and its mainland-listed Dongfeng Automobile Co Ltd , as well as its joint ventures with partners PSA Peugeot Citroen and Nissan Motor Co , all had no immediate comment and said they were unaware of the report.

The newspaper said the company that will list would include Dongfeng assets that are not yet listed, and that the plan is in the early stages. Dongfeng's IPO would be launched in the fourth quarter of this year, at the earliest, the report added.

Chinese companies taking advantage of heavy investor demand for exposure to the country's booming economy are planning roughly US$15 billion in overseas share sales this year.