Auto dealers go public overseas

08:43, December 20, 2010      

Email | Print | Subscribe | Comments | Forum 

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
  • Do you have anything to say?

双语词典
dictionary

  
Special Coverage
  • Focus On China
  • Shanghai World Expo 2010
Major headlines
Editor's Pick
  • Maria keeps Real in chase of Barcelona
  • S Korean military to conduct live-fire drills Monday
  • Floating ice brings danger for North China city
  • Thousand-people tug-of-war competition in S China
  • Top political advisor urges efforts to promote industrialization, urbanization, agricultural modernization
  • Carnival in HK celebrates 20th anniversary of Basic Law
Most Popular
Hot Forum Dicussion