Reuters: Private Equity: China Yongda pulls up to $434 mln HK IPO -IFR

Reuters: Private Equity Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

China Yongda pulls up to $434 mln HK IPO -IFR May 28th 2012, 04:26 HONG KONG | Mon May 28, 2012 12:26am EDT HONG KONG May 28 (Reuters) - China Yongda Automobiles Services decided to pull an up to $434 million Hong Kong initial public offering because of deteriorating market conditions, IFR reported on Monday, citing two sources with direct knowledge of the plans. The Shanghai-based car dealership had already extended the bookbuilding for the deal by four days until May 28 to try and secure more orders, but with limited success, said IFR, a Thomson Reuters publication. China Yongda launched the deal on May 14, offering 312.2 million shares at a range of HK$7.6-HK$10.8, putting the total offering size at up to HK$3.37 billion ($434 million).

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions