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GC Asia
Shanghai greenlights Geely Auto’s Star IPO
Geely Automobile Holdings is one step closer to becoming the first Chinese automaker to debut in the Star market, having received stock exchange approval for a secondary listing in Shanghai.
The listing committee of Shanghai Stock Exchange’s Star board announced the decision on Monday evening. Geely will need to finalise its IPO prospectus and register with the China Securities Regulatory Commission before a deal can hit the market.
The company’s Hong Kong-listed shares opened at HK$15.5 on Tuesday morning, up from ...Already a subscriber? Login
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Latest news from GlobalCapital China
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Further Reading
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People & Markets
Goldman appoints co-head of China IBD
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Securitization
BMW opts for simple structure for new auto lease ABN
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Loans/Equity
China tightens Star market listing rules
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