China: Chery investor to sell nearly 1% stake

An investor in Chinese OEM Chery Automobile is looking to sell a nearly 1% stake, representing 33,336,000 shares, in the company, reports, Automotive News China. The holding has been placed for sale on the Beijing Financial Assets Exchange at Yuan 5.6 (US$0.87) per share. This would value the sale at Subscribe to Automotive World to … Continued

• By Webmaster
• August 23, 2011