Heyun Rent-a-Car IPO Proposal Approved by TWSE Review Committee
The IPO application for Heyun Rent-a-Car, a subsidiary of the Hotai Group, has been approved by the Taiwan Stock Exchange's listing review committee. The case now awaits final review by the TWSE board.
📋 Article Processing Timeline
- 📰 Published: May 22, 2026 at 19:43
- 🔍 Collected: May 22, 2026 at 20:01 (18 min after Published)
- 🤖 AI Analyzed: May 31, 2026 at 21:14 (217h 12m after Collected)
According to the Central News Agency, the initial public offering (IPO) application for Heyun Rent-a-Car, a subsidiary of the Hotai Group, was approved today by the Taiwan Stock Exchange's (TWSE) Listing Review Committee. The TWSE stated that the case still needs to be submitted to the TWSE board for final deliberation. According to basic information provided by the TWSE, Heyun's main business includes car and truck rentals, as well as used car distribution, with a market structure that is 100% domestic. Heyun's capital at the time of the listing application was approximately NT$1.925 billion. The chairman is Liu Yuan-sen, and the general manager is Xie Fu-lai. The lead underwriter for the listing is Taishin Securities. For the three years from 2023 to 2025, Heyun's pre-tax net profit was NT$1.472 billion, NT$1.261 billion, and NT$1.144 billion, respectively. The pre-tax net profit for the first quarter of 2026 was NT$339 million. Additionally, Heyun's earnings per share (EPS) after tax for the past three years were NT$5.92, NT$5.14, and NT$4.61, respectively. The EPS after tax for the first quarter of this year was NT$1.30.
FAQ
When will Heyun Rent-a-Car go public?
It has passed the review committee but still requires board approval.