Wed, Nov 26, 2014
A A A
Welcome sandeep.kottawar@wns.com
RSS

Sovereign Wealth Funds Briefing - Categorized | Asset Allocation, Market

Yongda shelves Hong Kong IPO

Posted on 29 May 2012

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 biggest IPO casualty of weak markets in Asia this year.
The postponement is noteworthy because Yongda had secured US$150 million of cornerstone investment from Baring Private Equity Asia V Holding Ltd. and Oman sovereign wealth fund Oman Investment Fund………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 15264 posts on Opalesque Sovereign Wealth Funds Briefing.


Contact the author

Comments are closed.

banner
November 2014
M T W T F S S
« Oct    
 12
3456789
10111213141516
17181920212223
24252627282930