China’s Ucar raises $569m, files for NEEQ listing
Chinese chauffeured car service provider Ucar has raised RMB3.68 billion ($569 million) from domestic investors including Yunfeng Capital ahead of a proposed listing on the National Equities Exchange and Quotation (NEEQ).
The private placement was completed in mid-March and values the company at RMB28.7 billion, a filing showed. Several brokerages, who are the market makers on NEEQ, have subscribed to shares issued by Ucar,...
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