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FINANCIAL SERVICES | Staff Reporter, Hong Kong
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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 

 

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