Saic plans to raise up to 10 billion yuan in share placement
SAIC Motor Corp., China's largest domestic automaker, plans to raise no more than 10 billion yuan in a private share placement, the company said in a statement to the Shanghai stock exchange today.
BEIJING - State-owned China Construction Bank Ltd. says it plans to raise up to $11 billion by issuing new stock to replenish capital following a lending boom last year.