Legend Capital’s Portfolio Company TUHU Car Files Application for HK Listing

On January 24, Legend Capital portfolio company TUHU Car has filed a listing application for Hong Kong listing, with a WVR structure, having Goldman Sachs, CICC, Bank of America and UBS as its joint sponsors.

As the leading integrated online and offline platform for automotive service in China, TUHU Car serves most of the passenger vehicle models sold in China, fulfilling the full spectrum of automotive service demands ranging from tires and chassis parts replacement to auto maintenance, repair, detailing, and more. In addition, TUHU Car’s growing service network of over 3,300 Tuhu workshops and over 33,000 partner stores spans across the entire country, covering a majority of prefecture-level cities.

The net proceeds from the global offering are expected to be used for the enhancement of supply chain capability, the development to advance data analytics technologies and operating efficiency, expanding store network and franchisee base, as well as fund investment related to automotive services for NEV owners and more.

Legend Capital has been keen on systematic research and has accumulated a wealth of deep industry expertise. Given the intensive structure changes and financial and technological innovation, we will continue to seek investment opportunities among leading companies.