04:09 AM EST, 12/31/2024 (MT Newswires) -- JPMorgan Chase ( JPM ) has been retained by Chery Holding Group to help arrange a possible public listing of its automobile division on the Hong Kong stock market next year, Bloomberg reported Tuesday, citing people familiar with the matter.

Chery Automobile could raise up to $1 billion in an IPO that may take place in Q2 or Q3, the report said.

JPMorgan ( JPM ) and Chery did not immediately reply to MT Newswires' requests for comment.

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