Chinese carmaker SAIC to spin off hydrogen fuel cell unit, eyes Star Market IPO
SAIC Motor, Chinas largest home-grown carmaker, plans to spin off a unit focusing on hydrogen fuel cell technologies, and list it on a stock exchange to rev up its diversification into alternative fuel vehicles.Zu Sijie, SAICs vice-president, said Shanghai Hydrogen Propulsion Technology (SHPT) would give priority to the Shanghai Stock Exchanges Nasdaq-style Star Market when making its initial public offering (IPO) plans, according to financial magazine Caijing.He did not provide further
Chinese carmaker SAIC to spin off hydrogen fuel cell unit, eyes Star Market IPO
SAIC Motor, Chinas largest home-grown carmaker, plans to spin off a unit focusing on hydrogen fuel cell technologies, and list it on a stock exchange to rev up its diversification into alternative fuel vehicles.Zu Sijie, SAICs vice-president, said Shanghai Hydrogen Propulsion Technology (SHPT) would give priority to the Shanghai Stock Exchanges Nasdaq-style Star Market when making its initial public offering (IPO) plans, according to financial magazine Caijing.He did not provide further