Kursziel Hk$ 8,3 unverändert,
glaubt, dass Baic Motor von Baic electric Spinoff SST Qianfeng (600733) on 27
April finanziell profitieren könne
www.etnet.com.hk/www/tc/news/...il_eng.php?newsid=ETE280502135
BAIC New Energy (BJEV), 8.15% owned by BAIC Motor, announced it has received
government's approval on its A-share backdoor listing via SST Qianfeng (600733) on 27
April. Credit Suisse thinks this might bring big-ticket non-cash fair value gains to BAIC
Motor, and accelerate the loss-making "Wevan" operation spin-off, which is estimated to
happen in 2Q.
This also paves the way for BAIC Motor's A-share IPO, and the company is likely to
submit IPO filling in 3Q and get listed in early 2019, Credit Suisse said.