Fuyao Glass Industry Group, the world's second largest automotive glass manufacturer by sales in 2013, will seek listing approval from the local bourse today for its proposed float of US$700 million (HK$5.46 billion) to US$800 million, sources said.
Listed in Shanghai since 1993 with shares offered at 1.5 yuan (HK$1.86) apiece, the firm is valued at 29.8 billion yuan in terms of a 14.88 yuan closing price yesterday.See more at: www.thestandard.com.hk/news_detail.aspFuyao Glass Industry Group, the world's second largest automotive glass manufacturer by sales in 2013, will seek listing approval from the local bourse today for its proposed float of US$700 million (HK$5.46 billion) to US$800 million, sources said.
Listed in Shanghai since 1993 with shares offered at 1.5 yuan (HK$1.86) apiece, the firm is valued at 29.8 billion yuan in terms of a 14.88 yuan closing price yesterday.
See more at: www.thestandard.com.hk/news_detail.asp