Tencent-backed Tuhu Car plans Hong Kong IPO

Tencent-backed Tuhu Car plans Hong Kong IPO

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Tencent 700, -backed Tuhu Car plans to raise up to 1.26 billion Hong Kong dollars ($160.89 million) through an initial public offering in Hong Kong. The company said Thursday it plans to sell nearly 40.62 million shares, and is marketing them at a price range of between HK$28 to HK$31 a share.…

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