BAIC to raise 3b yuan for its electric-car business
It will sell shares in the unit on Shanghai's exchange for emerging firms: sources
Wed, Mar 09, 2016 - 5:50 AM
A charging station for electric cars at a Beijing Electric Vehicle Co factory. The carmaker's electric vehicle sales may more than double to 55,000 units this year.
BAIC Group is seeking to raise about three billion yuan (S$638.3 million) in a financing round for its electric-car business, with plans to sell shares in the unit on Shanghai's exchange for emerging companies, according to people familiar with the matter.