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China Auto Rental Inc.

Top Chinese Rental Company Launches IPO

The Hertz Corp.’s car rental partner in China (China Auto Rental Inc.) has launched its initial public offering (IPO) on the Hong Kong stock exchange to help increase its rental fleet.

China Auto Rental Postpones U.S. Initial Public Offering

Last week, the Chinese car rental company announced that it has postponed plans to offer public shares after being the first China-based company to file for a U.S. listing since regulators changed rules on foreign registration.