Feb 22, 2022 01:59 PM (GMT+8) · EqualOcean
Yan Boyu, CEO of Porsche China, responded to the rumors of spin off and listing, saying: "Porsche's good profitability gives Porsche a good valuation. However, regarding the spin off and listing, Volkswagen Group and Porsche group need to discuss and make a decision together. Porsche China is not in a position to respond to this question for the time being." Hong Sheng, the chief financial officer of Porsche, said that it is possible for Porsche to maintain a higher return on sales of its new cars by more than 15% until it is listed in China.