INTERVIEW-Beijing Auto firms up passenger car unit IP0 plan

Newswire

BEIJING, May 21 (Reuters) - Beijing Automotive Industry Holding Co (BAIC), China's fifth-biggest automaker, is in talks with key investment banks for an initial public offering of its passenger car business, the president said on Friday. BAIC President Wang Dazong said the company plans to announce a grouping of its passenger vehicle businesses within two months -- a key step in preparation before floating the unit. "We are talking to major investment banks at this stage but haven't ...

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