Wuhu Yaxia, 2% owned by Shanghai Zichen Electrical, lists in Shenzhen, China.
Wuhu Yaxia Automobile Corporation, a China-based motoring company, which is reportedly backed by Shanghai Zichen Electrical, has raised RMB492m ($77m) in a Chinese flotation.
The company floated in Shenzhen. The company’s shareholders included Millennium Ark Investment (10.9%) and Shanghai Zichen Electrical (2%), news provider PE Daily said.
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