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Guangzhou Automobile to Make An IPO.
(From SinoCast Transportation watch)
GUANGZHOU, December 15, SinoCast -- Guangzhou Automobile Industry Group Co., Ltd., a fast-growing automaker in Guangzhou, the capital of Guangdong, Southern China, is about to fulfill ownership reform and its listing plan is now in the pipeline. A source said that Guangzhou Automobile had basically fixed on the scheme for overall listing. It would spin off all non- auto businesses like motorcycle. The restructured company would be composed of four sectors - complete auto, auto component and part, trade and technologies center. Before the stock offering, its total stock capital is 3.5 billion shares and its total assets reach CNY …
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