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Chery Automobile shares soar 11.2% in HK trading debut
Business World Philippines
|September 26, 2025
Shares of Chinese car maker Chery Automobile jumped 11.2% as the company started trading on the Hong Kong Stock Exchange on Thursday following its $1.2-billion initial public offering (IPO).
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Chery, best known for its Chery, Jetour and iCAR brands, is tapping investor appetite as it expands in the competitive electric and smart vehicle market.
The stock opened at HK$34.2, while the Hang Seng Index was up 0.1%.
Chery last week sold 297.4 million shares at HK$30.75 each in the second-largest 1PO in Hong Kong so far this year, valuing it at almost $23 billion.
Dit verhaal komt uit de September 26, 2025-editie van Business World Philippines.
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