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
    HONG KONG—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, in 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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