Great Wall Terminates Share Sale Plan on China Market Volatility

  • SUV maker says scrapping share sale won't have major impact
  • Company previously planned to raise 12 billion yuan from sale

Great Wall Motor Co., China’s biggest manufacturer of sport utility vehicles, said it will terminate plans for a 12 billion yuan ($1.84 billion) share sale after its stock slumped below the designated offer price.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.