KKR-backed Chinese car dealership eyes $300M HK IPO

|About: KKR (KKR)|By:, SA News Editor

Chinese car dealership Rundong Automobile Group, which is backed by KKR (KKR), intends to raise $300M in an IPO in Hong Kong in H1.

KKR invested an undisclosed sum in Rundong Auto four years ago.

The company's planned listing would come after a rise in Chinese automobile demand in 2013.