FAW seeks approval to list major assets -state media

Reuters (Beijing) - FAW's holdings in parts suppliers Qiming Information Technology Co and Changchun FAWAY Automobile Components will also be included in the listing vehicle, the newspaper said.

FAW executives could not be reached for comment.

FAW, also a Toyota Motor China partner, has been seeking to secure a fundraising platform to fund the development of its own brand of cars.

FAW Xiali and FAW Car said in separate stock exchange filings that their state parent was making preparations for asset restructuring, but did not elaborate.

FAW controls 60 percent of FAW Volkswagen, which makes Volkswagen and Audi models. FAW Xiali holds 30 percent of its parent's venture with Toyota, whose portfolio includes Vios, Corolla, Reiz and Crown sedans.

The proposed IPO, if it goes ahead, would make FAW the last of China's big three auto groups to go public, following in the footsteps of SAIC Motor Corp and Dongfeng Motor Group Co .