China Auto Turns To US PIPE Market

O'Connor, Colleen
April 2006
Investment Dealers' Digest;4/24/2006, Vol. 72 Issue 16, p30
Trade Publication
The article presents an interview with Daming Hu, CFO of China Automotive Systems, regarding his company's experiences in the U.S. PIPE market. When asked about the selection of a PIPE transaction, Hu mentions that the company chooses it because it is quicker than a follow-on offering. He emphasizes that proceeds of the PIPE will go to expansion plans which include many joint ventures. He also mentions that two most common mistakes in the dealings of the company are errors in language and culture.


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