Luxury car dealer plans IPO in Hong Kong
Updated: 2013-05-29 21:47
(chinadaily.com.cn)
|
|||||||||
Henan-based luxury car dealer China Harmony Auto Holding plans a HK$2.44 billion ($314 million) initial public offering on the Hong Kong Stock Exchange, selling 275 million shares at HK$6.08 to HK$8.88 apiece.
The luxury car dealer has 25 showrooms in the country, trading 10 European and Japanese marques.
The company said in a statement filed to the Hong Kong Stock Exchange that revenue has surged by 77.3 percent on an annual basis during the past three years. It sold vehicles worth 5.24 billion yuan ($847 million) in 2012.
- Michelle lays roses at site along Berlin Wall
- Historic space lecture in Tiangong-1 commences
- 'Sopranos' Star James Gandolfini dead at 51
- UN: Number of refugees hits 18-year high
- Slide: Jet exercises from aircraft carrier
- Talks establish fishery hotline
- Foreign buyers eye Chinese drones
- UN chief hails China's peacekeepers
Most Viewed
Editor's Picks
Pumping up power of consumption |
From China with love and care |
From the classroom to the boardroom |
Schools open overseas campus |
Domestic power of new energy |
Clearing the air |
Today's Top News
Shenzhou X astronaut gives lecture today
US told to reassess duties on Chinese paper
Chinese seek greater share of satellite market
Russia rejects Obama's nuke cut proposal
US immigration bill sees Senate breakthrough
Brazilian cities revoke fare hikes
Moody's warns on China's local govt debt
Air quality in major cities drops in May
US Weekly
Geared to go |
The place to be |