Sina science and technology news in the morning on August 21, Shenzhou car rental port Exchange announced that the company noted that several media reported recently on August 20, 2020 that the negotiation of the company’s planned privatization had been coordinated by MBK partners, and MBK is currently discussing with Beijing Automotive Group Co., Ltd. We hereby clarify that the company has not discussed any privatization transaction with MBK. As we are not involved in the discussions, we are unable to express any views on MBK’s discussions with other third parties. < / P > < p > according to a previous report, a group led by MBK partners, a private equity firm focused on North Asia, is in talks with Shenzhou to rent cars, according to four people familiar with the matter. The group is interested in taking over and Privatizing China’s largest car rental company. The current market value of car rental in China is $700 million. As the negotiations were classified as commercial secrets, the four sources refused to disclose their identities. < / P > < p > according to two people familiar with the matter, the consortium led by ambok plans to offer HK $3.10 per share, thus privatizing Shenzhou car rental. The consortium’s offer is at least 28% higher than its average share price of HK $2.43 in the past month. < / P > < p > one of the sources said that at this price, the full purchase price would be about $850 million, but some existing shareholders may choose to keep their shares as the negotiations go on.