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Market Closed -
Other stock markets
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5-day change | 1st Jan Change | ||
| 9.2 HKD | +1.10% |
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+3.25% | +7.10% |
| 12:00am | China's BYD seeks to redefine luxury for the EV generation | RE |
| Apr. 24 | China's EV survival game creates peril - and power | RE |
BEIJING (Reuters) - China's Zhejiang Geely Holding Group said on Wednesday its Volvo Cars would explore capital market options including a potential initial public offering (IPO) and stock market listing.
Geely bought Volvo Cars from Ford Motor Co in 2010. Geely's Hong Kong-listed unit Geely Automobile and Volvo Cars scrapped their full merger plan in February.
Geely's revived consideration of an IPO for Volvo Cars could value the business at around $20 billion, Bloomberg reported on Wednesday citing people familiar with the matter.
A Volvo Cars spokeswoman said the firm would not comment on speculation.
(Reporting by Yilei Sun, Helena Soderpalm and Tony Munroe; Editing by Andrew Heavens)
| 1st Jan change | Capi. | |
|---|---|---|
| +7.10% | 11.69B | |
| +34.99% | 314B | |
| +17.06% | 81.83B | |
| +4.24% | 71.7B | |
| +6.26% | 70.39B | |
| +19.10% | 55.65B | |
| +4.88% | 51.7B | |
| +26.77% | 51.41B | |
| +28.18% | 43.61B | |
| +22.85% | 39.89B |
GEELY AUTOMOBILE HOLDINGS LIMITED 
