China's Great Wall Auto plans US$150-200 mln HK IPO

Newswire

By Vicki Kwong and Tony Munroe HONG KONG, Nov 24 (Reuters) - Chinese truck and sport-utility vehicle maker Great Wall Automobile Holding plans to raise US$150-$200 million in a Hong Kong initial public offering in mid-December, a source familiar with the deal said on Monday. The company is hoping that foreign investors will continue to clamour for access to an auto market that is the fastest-growing in the world as the country's economy grows in excess of eight percent and private car ...

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