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.
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