China's Boche Files For Hong Kong IPO To Fund Expansion

Quick Summary:

A market leader in vehicle salvage, Boche Holding Limited (Cayman), has just filed for an IPO on the Hong Kong Stock Exchange, looking to welcome investors on board its business model as China rolls out policies to promote the used car market and other repurposing efforts.

Key Takeaways: The company drove into the black in 2024 with a net profit of 1.53 million yuan for the first nine months of the year 

But revenue growth slowed to a paltry 3.3%, held back by a fall in active members and repeat business  China reports more than 250,000 traffic accidents a year, generating a huge scrap heap of wrecked cars.

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Article Details

Author / Journalist: The Bamboo Works

Category: Technology

Markets: United StatesChinaHong Kong

Topics: Asia Tech Benzinga Equities Contributors

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-05 @ 13:19:58 (1 days ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 954 words

Reading Time: 6 minutes read

Sentences: 35 lines

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Copyright Owner: © Benzinga

News ID: 26679784

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