HONG KONG/TOKYO -- Chinese state-owned carmaker Chery Automobile plans to list on the Hong Kong Exchange to raise as much as 9.1 billion Hong Kong dollars ($1.2 billion), in an offering that could be the largest by a car company in the city this year.
IPO
Chery seeks $1.2bn Hong Kong listing as carmaker heads for Russia exit
Chinese state company says it will virtually leave its largest foreign market over sanctions
A Chery dealership in Saint Petersburg, Russia, in September 2024. © Reuters
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