SHANGHAI: Guangzhou Automobile Group Co is investing 6.8 billion yuan (US$990mil) to build a production base for its own-brand vehicles that is expected to start operation by 2010, a senior executive said.
The vehicle maker, parent of Hong Kong-listed Denway Motors and a joint-venture partner of Honda Motor Co and Toyota Motor, was also in discussions with regulators about a planned listing on domestic and overseas stock markets, although there was no time frame for a listing, said He Yanhui, standing vice-general manager of Guangzhou Automobile.
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