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
    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 ...
    05/27/2012 - 3:51 pm | View Link
  • China Yongda Automobiles Services shelves IPO plans
    China Yongda Automobiles Services, a car dealership operator based in Shanghai, has cancelled plans for a Hong Kong listing due to choppy equity market conditions. China Yongda was due to list on the Hong Kong Stock Exchange on Wednesday and due to price ...
    05/27/2012 - 1:00 pm | View Link
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