UPDATE 2-China's Dongfeng Auto raises $509 mln in IPO

Newswire

(For expanded Hong Kong IPO diary, click on ) (Adds details, background) By Daisy Ku HONG KONG, Nov 30 (Reuters) - China's number-three auto maker, Dongfeng Motor Group Co. Ltd., raised HK$3.97 billion (US$508.9 million) after setting its IPO price at HK$1.60 a share, in the middle of a proposed range, sources close to the deal said on Wednesday. Dongfeng produces cars under 50:50 joint ventures with Japan's Nissan Motor Co. Ltd. and Honda Motor Co. Ltd. , and France's Peugeot Citroen ...

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