SHANGHAI, June 6 (Reuters) - China's Guangzhou Automobile Group plans a dual-listing of its shares in the third quarter, first on the domestic A-share market followed by the Hong Kong bourse, the official Shanghai Securities News said on Friday.
Media have reported that the offering could raise $2 billion, although the company has been silent on a fund-raising target, the paper said.
The company is owned by Guangzhou Automotive Industry Group Co, the parent of Hong Kong-listed Denway Motors and a joint venture partner of Honda Motor Co and Toyota Motor.
It plans to submit documents to the China Securities Regulatory Commission in late June and issue A shares in August, followed by an issue of H shares in Hong Kong the following month, the paper said.
Advisers for the A-share issue will be China International Capital Corp, Guangfa Securities and Bank of China International, while advisers for the H-share issue will be Morgan Stanley, JP Morgan and Lehman, it said.
