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China Stages First Driving School IPO
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  • //english.dbw.cn  2016-01-28 09:55:46
     

    Internal view of Beijing-based Eastern Pioneer Driving School. [File Photo: hzlitai.com]

    Eastern Pioneer Driving School in Beijing is expected to become the first Chinese driving school to go public.

    Eastern Pioneer is seeking to raise 820 million yuan or 130 million U.S. dollars on the Shanghai stock market.

    The company's share subscription began on Wednesday.

    Eastern Pioneer reported net profits of over 170 million yuan during the first half last year, and 300 million yuan in 2014.

     

     

    Author:    Source:CRI    Editor:Yang Fan

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