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Guangzhou Auto to consider A-share listing in 2011

2010-12-20 17:09

GUANGZHOU -聽Hong Kong-listed Guangzhou Automobile Group Co Ltd (GAC), 皇冠体育app's No 6 domestic automaker, is considering an A-share listing next year, Reuters reported Monday, citing聽GAC's聽president.

"We will consider listing A shares next year and this was one of our goals when we listed in Hong Kong in August," Zeng Qinghong, the company's president, told reporters at an auto show in the southern Chinese city of Guangzhou, the report said.

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The company also planned to increase production capacity to聽three million vehicles聽a year by 2015 and was targeting total sales of 400 billion yuan ($59.9 billion)聽in 2015, up from estimated sales of more than 150 billion yuan for this year, Zeng said.

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