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Discussion Starter · #1 ·
:)
Does anyone know what stock exchange Chery Automobiles is listed on?
What their current share price is and possibilities for investing in the company?
Are there any like minded investors out there?:thumb:
 

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Gordon Geko said:
:)
Does anyone know what stock exchange Chery Automobiles is listed on?
What their current share price is and possibilities for investing in the company?
Are there any like minded investors out there?:thumb:
Welcome Gordon, i totally know what your thinking and how your thinking ;)

Im not sure about Chery's trading status though, i know about geely, Brilliance china (zhonghua) and Great wall motors
 

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Discussion Starter · #3 ·
Thanks for the reply Admin,

What can you tell me about Geely? Where are they listed and how can investors find out more?

Thanks
 

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Gordon Geko said:
Thanks for the reply Admin,

What can you tell me about Geely? Where are they listed and how can investors find out more?

Thanks
Well in this Category Stocks and Investments you can see some the symbols for geely etc..


Right now the only real Relation with Chinese automotives and US stock Markets is Brilliance China Automotive (CBA)

Geely and GWM are right now on the Over the Counter BB market..if you are familiar with OTCBB, its a penny stock market and very risky....

Doesnt seem like they are getting much attention at the moment..i am going to personally wait until the volume goes up on geely and gwm..i dont want the risk their symbol getting pulled from otcbb
 

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Admin said:
Well in this Category Stocks and Investments you can see some the symbols for geely etc..


Right now the only real Relation with Chinese automotives and US stock Markets is Brilliance China Automotive (CBA)

Geely and GWM are right now on the Over the Counter BB market..if you are familiar with OTCBB, its a penny stock market and very risky....

Doesnt seem like they are getting much attention at the moment..i am going to personally wait until the volume goes up on geely and gwm..i dont want the risk their symbol getting pulled from otcbb
Actually i mean PK (pink sheets) , not OTCBB...but Pink Sheets is every riskier than otcbb :(
 

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SAIC, Shanghai Automotive Industry Corporation, became a 20 per cent shareholder of Chery at the end of 2000 under a government-formed assets transfer plan. And what's then? I'd like to know if SAIC still holds stake at SAIC Chery Automobile Co Ltd.? What are current major shareholders of the company. There is no mention about th 20% transfer at the both companies' websites. The lates news are olmost year old. It's too long. Maybe someone knows. I'd be ver grateful for any information about this intrecate question.
 

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BuDDaH said:
SAIC, Shanghai Automotive Industry Corporation, became a 20 per cent shareholder of Chery at the end of 2000 under a government-formed assets transfer plan. And what's then? I'd like to know if SAIC still holds stake at SAIC Chery Automobile Co Ltd.? What are current major shareholders of the company. There is no mention about th 20% transfer at the both companies' websites. The lates news are olmost year old. It's too long. Maybe someone knows. I'd be ver grateful for any information about this intrecate question.
By these articles, it suggests that SAIC has not stake or interest in Chery


SAIC, which spent £67m buying car designs from collapsed UK carmaker Rover, held a 20% stake in Chery. But it sold the holding late last year in what was thought to be a damage-limitation exercise. http://news.bbc.co.uk/1/hi/business/4528565.stm

Chery QQ, a minicar manufactured by a Wuhu City company that until last year was 20% owned by SAIC. GM says the car--especially its headlights, grille, and air-intake system--looks suspiciously like its own Chevy Spark, a small car built by SAIC and GM in western China. GM has complained to the Chinese government for a year about the issue without resolution, but it has not sued. A top Chinese commerce official said recently that GM hasn't provided enough evidence to prove that its design and technology were copied. The copycat issue was complicated by SAIC's stake in Chery, though there is no suggestion that SAIC was involved in Chery's creative design. A spokesman for SAIC told FORTUNE that the company currently holds no interest in Chery. "Shanghai Auto," he says, "has always been consistent with the position to object to any kind of pirating activities."http://money.cnn.com/magazines/fortune/fortune_archive/2004/10/04/8186799/index.htm
 

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chery gave the shareholding to SAIC to be able to call the cars 'SAIC Chery'. But then when the QQ issue flared up, SAIC got nervous and returned the shares. the company is still completely state owned, I think by a mixture of city and province government.

some companies like geely and great wall are listed in china. the problem is that regulation of financial reporting is still weak in china, so an enron style built on bs stock valuation that suddenly vaporises is still possible.
 

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Chrey is not a public company yet but they're fighting for their way to stock market. I read Chery's president's speech in an internal meeting a few years ago, 2004 or 2005. They were desperate for capital. The president said once they got access to stock market, Chery would be safe. Back then, they were struggling for making profits in a 3 consecutive years, the eligibility of being listed. I thought that's actually good for them.
 

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Admin said:
Actually i mean PK (pink sheets) , not OTCBB...but Pink Sheets is every riskier than otcbb :(
In response to the pink sheets comment on Geely: What???? I've been in Geely for years, we're not talking about putting the ranch on it but i've seen gains of OVER 300%, now you can sit back and wait for them to list it on the exchange while I sit back and enjoy the PROFITS, check out the chart in 1 year GELYF.
 
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