HONG KONG/SYDNEY : Chinese electric vehicle (EV) maker Hozon Auto has appointed China International Capital Corporation (CICC) and Morgan Stanley to work on a Hong Kong initial public offering (IPO) that could reportedly raise up to $1 billion, according to sources with direct knowledge of the matter.Hozo
HONG KONG/SYDNEY : Chinese electric vehicle maker Hozon Auto has appointed China International Capital Corporation and Morgan Stanley to work on a Hong Kong initial public offering that could reportedly raise up to $1 billion, according to sources with direct knowledge of the matter.
The size of the offering has not yet been finalised, the sources said, as the company is still in early preparations and is working on its initial filing documents to be lodged with the Hong Kong Stock Exchange. Local Hong Kong media reported earlier this week Hozon could raise up to $1 billion in a local listing.
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