Business
        

Cars

China's car maker BYD gets approval for IPO

Updated: 2011-06-17 09:22

(Xinhua)

Twitter Facebook Myspace Yahoo! Linkedin Mixx

BEIJING -- BYD Co Ltd, the Chinese car maker backed by US billionaire investor Warren Buffett, said late Thursday that it had received formal approval from China's top securities regulator for an A-share listing on the Shenzhen market.

The company, which already has shares listed in Hong Kong, planned to list no more than 79 million yuan-denominated shares, or A-shares, on the Shenzhen bourse, according to a statement filed with the Shenzhen Stock Exchange.

The auto maker, in which Buffett's Berkshire Hathaway Inc has a 9.9 percent stake, also said it would start the IPO roadshow on June 20.

Specials

My China story

Foreign readers are invited to share your China stories.

Pret-a-design

Though Elisabeth Koch did not attend the Aprilweddingof Prince William and Kate Middleton in London, her tailor-made hats might have.

Mom’s the word

Italian expat struggles with learning English and experiences the joys of motherhood again.

Suzhou: Heaven on Earth
The sky's the limit
Diving into history