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 ...
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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 ...
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  • China set to ramp up stimulus spending
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