BYD Plans Shenzhen Listing in H2

»China’s largest private automobile producer BYD Co., said Monday it is preparing documents for listing in Shenzhen Stock Exchange and hopes to complete the listing by the end of 2010, according to sources.

»BYD, which has listed on the main board of the Stock Exchange of Hong Kong Limited, said it was seeking approval from its shareholders to extend the deadline of its planned Shenzhen-listing that expects to raise 2.85 billion yuan, by twelve months to September 7, 2011. BYD’s shareholders were scheduled to vote the application on August 30.

»The company’s revenue for the first half was 24.25 billion yuan, a gain of 50.29 percent year-on-year, according to its half-year results released on Tuesday.