Market Chatter: Chery Group Selects Three Banks for Hong Kong IPO of Auto Unit

MT Newswires Live10-24

Chery Holding Group has selected three banks to help with the Chinese automobile manufacturer's initial public offering of its automotive unit in Hong Kong, Bloomberg News reported citing people familiar with the matter.

The automaker selected China International Capital Corp. (HKG:3908, SHA:601995), GF Securities (HKG:1776, SHE:000776), and Huatai International, according to the report.

Chery plans to list in Hong Kong as soon as 2025, the report said.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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