Heyun Rent-a-Car IPO Proposal Approved by TWSE Review Committee

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.