Zhongsheng breaks new ground on Asian CB

Chinese car dealer takes advantage of a soaring share price and rising rate environment to price a one-year convertible bond, the shortest tenor ever seen in Asia.
October 12, 2017

China auto dealers set for M&A drive

China Grand Automotive’s acquisition of Baoxin Auto has received a poor reception from investors. But consolidation in the sector is only getting started.
September 21, 2016

PE fund sells $129 million of shares in Zhongsheng

General Atlantic reduces its stake in Chinese auto retailer Zhongsheng for the third time since its IPO, while an existing shareholder sells $66 million of shares in Indonesian property developer Summarecon.
April 17, 2012

Zhongsheng resumes IPO, but halves the size

The Chinese car dealer decides to sell a smaller portion of its enlarged share capital at this time, believing that the stock will command a higher valuation in the long term, sources say.
March 09, 2010