Market Rumors: BAIC Motor, 1Malaysia Development, ECB

By Chelsea Naso ( December 12, 2014, 6:14 PM EST) -- Chinese automaker BAIC Motor Corp. Ltd. is prepared to raise about HK$11.03 billion (US$1.42 billion) in a Hong Kong initial public offering, as the company plans to price 1.24 billion shares at HK$8.90 apiece, Reuters reported Friday citing people familiar with the deal. The price, which is at the midpoint of the HK$7.60 to HK$9.80 indicative range, is not final and could change, the report said. ...

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