15
Dec
06:27
Chery Auto planning IPO in 2024 the earliest: reports
Chinese carmaker Chery Auto is rumoured to be planning an initial public offering (IPO) in China as soon as next year, targeting a CNY 150 billion ($21.1 billion) valuation.
The company is one of the few automakers that is not publicly listed. The move, yet to be confirmed, would potentially benefit the company’s long-term capital supplement and could help activate the company’s rewarding mechanism.
Cheery did not respond to Kallanish’s reques…
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Anonymous
Very good overview of the weekly steel market.
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