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Issue Shares - China - Dongfeng Gets OK for Hong Kong Listing
Hong Kong,China -AP, by ELAINE KURTENBACH -Oct 21, 2005: -- Dongfeng Motor Corp., one of China's biggest automakers, has gained approval to issue shares on the Hong Kong Stock Exchange in a $600 million initial public offering planned for December, state media reported Friday... The car maker, based in the central province of Hubei, had held back due to a downturn in the market earlier in the year but with a rebound in sales has revived its listing plans, the state-run newspaper China Securities Journal reported...
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