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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  • 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
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