Great Wall Motor to sell up to $270 mln in new shares


HONG KONG, Sept 28 (Reuters) - China's Great Wall Motor Co. Ltd. said on Thursday that it plans to sell up to 300 million new H-shares, worth $270 million, to expand its auto parts and components production. It would apply to the Chinese authorities for the issue of the new shares, representing 114 percent of its existing issued H-shares or 32 percent of the company's all existing shares, the auto maker said in a statement. Based on the stock's last close of HK$7.0 per share, the deal ...

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