China Auto Rental Leaning Toward Hong Kong IPO, Chairman Says
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China Auto Rental Holdings Inc., the country’s biggest car-rental provider, is leaning toward an initial public offering of its stock in Hong Kong within the next three years, the company’s chairman said.
“I personally prefer Hong Kong over the U.S. because investors in Asia, especially in Hong Kong, are more familiar with and interested in our business,” Charles Lu, 43, chairman and founder of China Auto Rental, said in an interview yesterday. Still, he hasn’t ruled out a U.S. IPO, he said.