Gasgoo.com (Shanghai, July 7) - After 4 years’ operation, Beijing automobile company limited enters its count down period for going public in Hong Kong. As message said, Beijing Auto may land HSE this Oct.
When reporter wants to verify the message from Beijing Auto, relative officer does not deny the message, but says there is no confirmed news yet.
From perspective of insider of security, it is the omen of Beijing Auto listed, because it enters “silence period” of going to public. In fact, listed time of Beijing Auto has been delayed couple of times. Now Beijing Auto is ready to land HSE already after several rounds adjustment.
Beijing Auto has silence for a long time. Wish of XU Heyi, president of Beijing Auto may come to reality after years’ operation. It may be the most difficult part for XU Heyi to delay listed time again and again. Beijing Auto, which is planned to go public in year 2013 in Hong Kong, has delayed to the second quarter this year. However, the company is not listed again. However, as early as this April, XU Heyi tells media that Beijing Auto will go public in the next half this year, and aims 10 to 20 billion CNY financing, which equal to 16 to 32 billion dollars.
Recently, Beijing Auto has its road show period already. It is expected to launch HSE this Oct. Beijing Auto keeps quite but do not deny as well. “All the work concerned with IPO is taken by relative department of Beijing Auto. We do not have confirmed schedule of listed time.” The mentioned department is very mysterious. Up to now, reporter does not contact the department.
“From the situation now, Beijing Auto has entered silence period. It is still unsure about the Oct market listed schedule, but the possibility to launch HSE within this year is high. Beijing Auto is already to go public.” CAO He, an analyst of auto tells reporter, the silence of Beijing Auto proves that it is closing to its listing time.
Traditionally, company will keep silence couple of weeks before company listed, which is so called “silence period”. Compared with behavior before, Beijing Auto keeps silence for a while. It proves that the company runs for the last mile with the 4 years listed marathon.
