Beijing-headquartered Chinese car rental company China Auto Rental is planning to sell 426 million new shares at HK$7.50 to HK$8.50 per share in a Hong Kong IPO, to raise a total of HK$3.62 billion (US$468 million), according to media reports. Asia-focused hedge fund Hillhouse Capital Management, U.S. fund manager Waddell & Reed Financial Inc., U.S. […]

Visit ChinaMoneyNetwork.com for more daily finance news, including audio and video Internet podcasts covering important investment news and financial events in China. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes.