China: Changan Auto confirms equity issue

Chinese vehicle manufacturer Chongqing Changan Automobile, the Chinese partner of Ford Motor, has confirmed in a stock exchange filing that it intends to raise as much as Yuan 4bn (US$603m) to fund expansion. In mid-November 2010, it was reported that the company had secured approval from the China Securities Regulatory Commission Subscribe to Automotive World … Continued

• By Webmaster
• January 7, 2011