China Southern Auto eyes IPO-Chairman

Newswire

HONG KONG, Feb 21 (Reuters) - China Southern Auto Holdings Corp., a newly formed firm which holds 52.47 percent of Chongqing Changan Automobile Co. Ltd. , is preparing an overseas listing, its chairman said on Tuesday. Yin Jiaxu, chairman of China Southern Auto, said the company, which obtained State Council, or cabinet approval late last year for an overseas listing, is starting the preparation work. Market watchers had said the initial public offering could raise as much as US$500 ...

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