Chery revives IPO plans for expansion, perception boost

In mid-July, Anhui-based Chery Automobile announced it would resume plans for a domestic stock listing it had shelved in March 2008. The company didn't give a timeline for the listing or say how much it expects to raise, but analysts said it's not surprising Chery is talking listing now. Markets are rallying – contributing to Beijing’s decision to lift the freeze on initial public offerings in late June – and Chery would be wise to seize the moment.

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