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.

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  • Graff Diamonds Shelves IPO as Crisis Roils Markets
    China Yongda Automobiles Services Holdings Ltd., China’s biggest distributor of BMW cars, this week canceled plans to raise as much as $430 million in Hong Kong. Sany Heavy Industry Co. cut the size of a planned share sale in the city to $2 billion ...
    05/30/2012 - 4:28 pm | View Link
  • Yongda Shelves Hong Kong IPO
    It said Monday that it might relaunch the IPO when conditions pick up, but didn't elaborate. Yongda had set a price range of between 7.60 Hong Kong dollars and HK$10.80 (US$0.98 to US$1.39) for its sale of 312.2 million shares on May 13, and extended the ...
    05/28/2012 - 6:35 am | View Link
  • China set to ramp up stimulus spending
    HONG KONG (MarketWatch) — China is set to ramp up stimulus spending to help stabilize the economy ... last week when Premier Wen Jiabao urged “greater emphasis on growth.” China Yongda Automotive shelves plans for a $433 million initial public ...
    05/28/2012 - 2:12 am | View Link
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