Auto dealers go public overseas

08:43, December 20, 2010      

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Lentuo International Inc became the first Chinese mainland auto dealer to be listed in the US after it went public on the New York Stock Exchange on Dec 10.

Lentuo was Beijing's largest non-State-owned auto retailer in revenue from sale of new vehicles last year. The company now operates six franchised dealer outlets, 10 automobile showrooms, one repair shop and a car leasing company in the city.

On the same day, China Zhengtong Auto Services Holding Ltd, a luxury car dealer group on the mainland, began public trading on the Hong Kong Stock Exchange.

Source:China Daily
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