Trans-China Automotive Holdings (TCA), an automobile dealership group with operations in China, has launched its initial public offering (IPO) on the Catalist board of the Singapore Exchange (SGX) on Nov 1.

Headquartered in Hong Kong and Shenzhen, TCA was incorporated in 2015 and is in the business of distributing premium and ultra-premium automobiles under the BMW, McLaren and Lotus brands. The company’s dealerships are located in some of China’s key cities, namely, Foshan, Shenzhen, Guangzhou, Chongqing, Changsha and Wuhan. Its two main business segments are the sale of automobiles and the provision of aftersales services.

The company also sells pre-owned automobiles that come mainly from customer trade-ins, auction companies and other suppliers of used cars, and are not limited to the brands it carries. As an ancillary business, TCA provides automobile agency services to its customers, which include referrals for automobile financing, and referrals for insurance and car registration agency services where the group receives referral fees.

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