Car dealership group Trans-China Automotive prices IPO at S$0.23 per share
Claudia Tan HS
CAR dealership group Trans-China Automotive Holdings (TCA) on Monday (Nov 1) lodged its final prospectus, offering around 85 million shares at S$0.23 each for placement in its initial public offering (IPO).
Headquartered in Hong Kong and Shenzhen, TCA specialises in car dealerships in the premium and ultra-premium market segments under the BMW, McLaren and Lotus brands.
Upon successful listing, TCA will become the first car dealership group with operations in China to list on the local bourse.
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