topshelf

The IPO Returns: China Moves to Improve Capital Allocation

I should mention here that BYD Company, BYDDF the ticker here, has an IPO in the works. I do own both CAF and BYDDF, and mentioned BYDDF is several of my posts on SeekingAlpha.
Anyone who has not DD'd them should look beyond their Auto Division, which seems to get 90%+ of the attention. This totally misses their Core business as a Battery Maker, China's largest, and strong enough to hold a Global Market Share of 65% and 35% in two types of batteries.
You will also find that Warren Buffet's Mid-America took a 10% stake, though they wanted a 25% stake, and still trying to increase. What's important about this is their looking at BYDDF to be the Battery Storage component to ALT-Energy [Solar, Wind, etc.]. The two most recent moves that I see as important is their planned move to establish an Auto plant in Brazil, targeting Brazil and S.America, and they just boughtout a Bus Maker in China.

Right now they are listed in Hong Kong. The IPO is for Mainland China's Market. Their first choice is the Shenzhen Exchange but would take the Shanghai Exchange listing also.