BYD launches H-share return

Chengdu High-Speed H-shares successfully returned to a shares, BYD is also brewing "flowers to open both places."　　BYD disclosed yesterday that the company will apply to Shenzhen for A shares listing, the proposed issue of not more than 100 million shares. At the end of last year, Warren Buffett's $1.8 billion stake in BYD caused a stir. According to people familiar with the matter, BYD's fund-raising or more than 3 billion yuan, will be used for lithium battery production, car research and development financing, expansion of automotive products and auto parts, as well as the allocation of funds for solar cells. Company officials said that the process is now actively prepared, "is expected to be listed as soon as the first half of next year."　　"Shenzhen municipal government officials told reporters that the return of BYD welcomed and look forward to, will actively cooperate with and support BYD A-share listing." July 31, 2002, BYD issued a listing in Hong Kong, a record of 54 H shares at the time of the highest price. January 1, 2008, BYD convened a board of directors, proposed to the relevant departments to apply for the Shanghai or Shenzhen Stock Exchange issued no more than 222.3 million shares, and expected to be completed in 2008. So why has the A-share listing been delayed so far? According to people familiar with the matter, the company's materials have long been reported, possibly the impact of the previous judicial dispute, resulting in the listing plan stranded. Express reporter Giusianni