Automobile firms may test IPO waters
By Li Fangfang | China Daily | Updated: 2009-07-30 08:00
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Visitors checking cars at the 2009 Shanghai automobile exhibition. Several carmakers are planning to float initial public offerings to cash in on the stock market rebound. Bloomberg News |
Chinese automobile firms are making a beeline to the capital market to raise capital for their expansion plans and to cash in on the vehicle boom in the domestic market.
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