BYD Shenzhen IPO approved

Updated: 2011-05-16 14:54

(China Daily)

Twitter Facebook Myspace Yahoo! Linkedin Mixx

Regulators have approved an initial public offering on the Shenzhen Stock Exchange by battery and car producer BYD Co Ltd, according to a recent announcement of China Securities Regulatory Commission.

BYD plans to offer no more than 79 million shares in Shenzhen to raise 2.19 billion yuan that will be used in its lithium battery, auto parts and car businesses. Published reports say share trading will start in September at the soonest.

The company, 10 percent owned by Warren Buffett's investment firm Berkshire Hathaway Inc, went public in Hong Kong in 2002.


Green works

Wuxi becomes 'test case' for facing country's environmental challenges

Preview of the coming issue
The global rise of Chinese brands
China-EU trade on solid ground

European Edition


The song dynasty

There are MORE THAN 300 types of Chinese operas but two POPULAR varieties are major standouts

Cut above the rest

One of the world's oldest surgeons has performed more than 14,000 operations

From the ground up

Architect of Guangzhou Opera House has many projects under way, including 2012 Olympics.

Her story is history
Sino-US Dialogue
Drunk driving