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Geely to issue $334M bonds, warrants to Goldman

  • Source: Ce.cn
  • [13:59 September 23 2009]
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Hangzhou-based Geely posted 35 percent sales growth in the first eight months of the year to 185,000 units, equivalent to 74 percent of its full-year target of 250,000.

Shares of Geely have nearly tripled this year to HK$1.79 before trading was suspended last Wednesday, beating a 51 percent gain on the broader market.

US billionaire Warren Buffett's Berkshire Hathaway Inc agreed to invest $230 million for about 10 percent of Chinese battery and electric car maker BYD Co Ltd last year.

The investment has realised a $1.8 billion paper profit for Buffett.

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