More News
FINANCIAL SERVICES | Staff Reporter, Hong Kong

Mercedez-Benz dealer mulls $800m Hong Kong relisting

Lei Shing Hong reportedly plans to list in the second half of the year.

Bloomberg reports that Mercedez-Benz dealers Lei Shing Hong Ltd., is reportedly mulling a relisting in Hong Kong in a deal that could raise as much as $800m.

The deal is set to take place in the second half of the year but deliberations are still at an early stage but the details of the offerings could still change, according to insider sources.

Lei Shing Hong, which runs the luxury car’s dealerships in Asia and Europe, is preparing a return to the Hong Kong equity market a decade after being taken private in a deal valuing the company at about $1.4b.

Here’s more from Bloomberg:

Photo from Jones Lang La Salle 


Do you know more about this story? Contact us anonymously through this link.

Click here to learn about advertising, content sponsorship, events & rountables, custom media solutions, whitepaper writing, sales leads or eDM opportunities with us.

To get a media kit and information on advertising or sponsoring click here.