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flag Chery Auto seeks HK$ IPO to fund growth, after reporting a 38.4% net profit increase.

flag Chinese automaker Chery Auto has applied for an IPO in Hong Kong, aiming to raise funds for new vehicle development, global expansion, and upgrading its domestic facilities. flag The company reported a 38.4% increase in net profit and over 2.6 million vehicle sales last year. flag Chery plans to use the funds for R&D and production, with joint sponsors including China International Capital Corporation and Huatai Securities.

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