The planned IPO of China Zhengtong Auto Services Holdings will look to raise up to US$554m, documents have suggested.
According to a Dow Jones report, a term sheet sets out that the Chinese auto company is selling 500m shares in an indicative price range of HK$6.80-HK$8.60 each.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
The company will price the deal on 3 December.
