Chery plans stock listing after ownership restructuring (854)

by Louise Liu   2007-09-05

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–by Hu Xuhui
WUHU, Anhui – Chery Automobile Co., Ltd. (Chery), will complete the company's ownership restructuring by the end of this year, with 37.5 percent of its shares transferred to the company’s managerial staff. Chery may also launch its initial public offering (IPO) in the mainland A-share market after the restructuring, a source from Chery revealed.

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