BYD will achieve A-share listing in 2011

BYD plans to achieve A-share listing this year, with a total issue size of 100 million shares.

BYD Chairman Wang Chuanfu revealed at the North American International Auto Show in Detroit that the company plans to issue A shares in mainland China.

Some years ago, some stocks are expected to soar! Secrets! Quotes will appear in the near future to reverse the flow of institutional capital has undergone tremendous changes! The main funds are contemplating a new layout

In 2011, BYD Auto participated in the North American Auto Show for the fourth consecutive time. At this North American auto show, BYD has several new models unveiled, among which the heavy starting new car is BYD's first SUV model S6 dual-mode mixed version S6DM.

As early as 2008, BYD had a plan to return to A shares. Due to the poor performance of A-shares in 2008, it failed to materialize. In July 2009, BYD Co., Ltd. (01211, HK) announced that the board of directors passed the company's application for listing of A-shares to the Shenzhen Stock Exchange, and held a general meeting in September to apply for the return of A-share related materials and subsequently reported to the China Securities Regulatory Commission. Will approve.

On July 14, 2010, BYD, which had been listed in Hong Kong, delayed the A share issuance plan again. BYD issued an announcement stating that due to the date of approval of last year's general meeting of shareholders, which will expire on September 7, 2010, it is intended to extend the validity period of the issuance of A-share plan resolution for one year to September 7, 2011.

In September 2010, at the invitation of BYD, Buffett, a stockholder who invested 9.89% in BYD, came to China. Buffett said that BYD’s three dreams of “electric vehicles, energy storage power stations, and solar power stations” in the new energy field have impressed him, and this visit to China has further strengthened his confidence in BYD’s investment.

Yesterday, the closing price of BYD shares was 41.25 HK dollars, and the trading volume was approximately 344.14 million shares, a slight decrease of 1.434%.

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