March 26, 2010, Zhongsheng Group Holdings Limited launched its initial public offering (IPO) of 365,000,000 shares at HKD 10 per share for a Hong Kong Stock Exchange main board listing, under the stock code of 000881.HK. The raised funds are HKD 3.065 billion.

Zhongsheng Group is one of the leading national automobile dealership groups in China, which mainly engages in automobile sales and after-sale services. The Group focuses on luxury brands such as Mercedes-Benz, Lexus and Audi, and also mid-to-high end brands of Toyota, Nissan, Honda and General Motors. The raised funds will be used for expanding its dealership network and updating the existing 4S stores.

Jingtian & Gongcheng represented the underwriters in the listing.