Jul. 27, 2009 (China Knowledge) - BYD Co<1211>, which is China's largest rechargeable battery maker and a well-known automobile producer, aims to raise RMB 2.85 billion via a placement of not more than 100 million shares in an initial public offering on the Shenzhen Stock Exchange, Reuters reported on Friday.
The company Thursday said in a statement that it plans to issue A shares on the bo
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