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China regulator to review Great Wall Motor IPO

From Reuters| July 11 , 2008 08:49 BJT

China's securities regulator will review next Monday an application for a Shanghai IPO by Great Wall Motor Co, the country's largest maker of sport utility vehicles (SUVs), the regulator said on Thursday.

The company, already listed in Hong Kong, has said it plans to issue up to 121.7 million new local-currency A shares.

At the company's last Hong Kong share price of HK$5.27, the initial public offer could raise as much as US$82 million.

($1 = HK$7.8)

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