Yongda Shelves Hong Kong Ipo

China Yongda Automobiles Services Holdings has decided to shelve its plan to raise up to $433 million in an initial public offering in Hong Kong due to market volatility.

  • Yongda shelves Hong Kong IPO
    The Wall Street Journal - China Yongda Automobiles Services Holdings, which sells BMWs and Toyotas in China, said Monday it has scrapped its plan to raise up to US$433 million in an initial public offering in Hong Kong owing to deteriorating equity markets ...
    05/28/2012 - 1:00 pm | View Link
  • Yongda Shelves Hong Kong IPO
    The company has become the latest victim of cooling market demand for Asian IPOs, with investor enthusiasm undermined by uncertainties about the global economy. In particular, concerns that European's sovereign-debt issues could trigger wider problems are ...
    05/28/2012 - 8:51 am | View Link
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