Great Wall Motors delays $500 million IPO

Chinese carmaker Great Wall Motors worries that the current market volatility will hurt its IPO price.

Great Wall Motors delays $500 million IPO

Great Wall Motors, a Chinese maker of sports utility vehicles and pick-up trucks, has announced that it wants to “choose a better time” for its planned Rmb3.17 billion $500 million share sale in the A-share market, citing the current volatility as a reason for delaying the deal.

The company, which is based in Baoding in northern China and listed in Hong Kong, said earlier this month that it would issue 304 million A-shares, or 10%...

FinanceAsia has updated its subscription model. Registered readers now have the opportunity to read five articles from our award-winning website for free. Please subscribe for unlimited access.

Click for more on: great wall motor | china | carmaker | byd | shanghai ipo | ashare

Print Edition

FinanceAsia Print Edition