China's Dongfeng files for HK IPO - sources

Newswire

HONG KONG, Aug 30 (Reuters) - China's third-largest car maker, Dongfeng Motor Corp., has filed an application with the Hong Kong exchange for an IPO, market sources said on Monday, but the offering may be just 60 percent of earlier plans. "It won't hit US$1 billion for sure," said a source close to the deal, referring to a figure people familiar with the situation set in April. The company has not finalised the size for the initial public offering, the source said. Euphoria for new ...

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