Tag: cars

Equities

Yongda pulls IPO, while two others kick off investor education

Bankers start pre-marketing for Yitai Coal and renewable energy company Huadian Fuxin, but Yongda is forced to cancel its $306 million IPO as markets falter.

By Anette Jönsson | 29 May 2012

Equities

Yongda Auto extends IPO bookbuilding until Monday

The Chinese BMW dealership postpones pricing by three days in an attempt to salvage the $306 million deal amid weak demand. Terms remain unchanged.

By Anette Jönsson | 25 May 2012

Equities

Two Chinese companies seek $541 million from HK listings

BMW dealer Yongda Auto is aiming to raise at least $306 million, while copper producer China Nonferrous Mining is seeking at least $235 million from the first listing of ...

By Anette Jönsson | 15 May 2012

Equities

Indian auto components maker withdraws IPO

Samvardhana Motherson Finance calls off its $313 million IPO after poor sentiment towards India and concerns about new tax regulations leave the deal only 0.2 times covered.

By Anette Jönsson | 8 May 2012

Equities

Anchor investors buy 13.3% of Indian auto parts maker's IPO

The anchor tranche of Samvardhana Motherson Finance's $313 million IPO prices below the mid-point of the range.

By Anette Jönsson | 2 May 2012

Equities

China Auto Rental cancels US IPO

China's biggest auto rental company was seeking to raise up to $137.5 million from a listing on Nasdaq, but fails to attract sufficient demand from investors.

By Anette Jönsson | 26 April 2012

Equities

PE fund sells $129 million of shares in Zhongsheng

General Atlantic reduces its stake in Chinese auto retailer Zhongsheng for the third time since its IPO, while an existing shareholder sells $66 million of shares in Indonesian ...

By Anette Jönsson | 18 April 2012

Equities

China Auto Rental seeks $137.5 million from US IPO

Coming just a few weeks after Vipshop's dismal debut, China Auto Rental decides to cap the size of its Nasdaq IPO by selling only 14.9% of the share capital.

By Anette Jönsson | 12 April 2012

Equities

China Auto Rental gears up for US listing

The industry leader starts pre-marketing for an IPO that could raise up to $300 million -- if it can convince US investors to look at a Chinese company again.

By Anette Jönsson | 30 March 2012

Equities

Controlling shareholders trim stake in Hyundai Wia

Hyundai Motors and Kia Motors raise $300 million by reducing their combined ownership of the autoparts maker to 41%.

By Anette Jönsson | 16 March 2012

Equities

Blocks in Zhongsheng and Alfamart raise $273 million

General Atlantic reduces its stake in Chinese car retailer Zhongsheng to 7.5%, while the controlling shareholder of Indonesian supermarket chain Alfamart pockets $103 million ...

By Anette Jönsson | 19 January 2011

Equities

Sateri and ZhengTong seek to raise a combined $1.1 billion

Sateri, a maker of specialty cellulose, aims to raise $600 million, while car and spare parts dealer ZhengTong is looking to reap $554 million.

By Lillian Liu | 23 November 2010

Equities

Guangzhou Auto increases bid for Denway by 25%

The all-share privatisation offer will cost the Chinese carmaker $4 billion based on the mid-point of its own valuation, and precedes a planned listing of Guangzhou Auto in ...

By Anette Jönsson | 9 June 2010

Equities

Guangzhou Auto vows to privatise Denway and list in Hong Kong

The privatisation offer is valued at about $3.3 billion and will be an all-share transaction, while the listing of Guangzhou Auto will see no new shares being issued.

By Anette Jönsson | 20 May 2010

Equities

Korean auto-parts maker raises $436 million from IPO

Mando shrugs off the negative market environment to price above the mid-point in a week when several other deals are either postponed or downsized.

By Anette Jönsson | 10 May 2010

Equities

Pre-IPO shareholders take profits in Intime and Yingde Gases

And automotive parts manufacturer Minth raises $153 million in fresh capital from a top-up placement, taking advantage of a pickup in investor interest in Asian stocks.

By Anette Jönsson | 9 April 2010

M&A

Geely to buy Volvo for $1.8 billion

Geely pulls off the largest overseas acquisition by a Chinese carmaker, but will face tough challenges in absorbing the Swedish brand.

By Lillian Liu | 30 March 2010

Equities

Zhongsheng prices IPO near low end of range

The Chinese car retailer prices at HK$10 per share and raises $369 million – well below the $1 billion that it had targeted before the deal was reduced in size ahead of ...

By Anette Jönsson | 22 March 2010

Equities

Indian deals suggest confidence is returning

An existing shareholder sells $422 million worth of shares in Tata Motors, while Exide Industries completes a $119 million QIP. Meanwhile, in Hong Kong, Zhongsheng prepares to ...

By Anette Jönsson | 9 March 2010

Equities

Brilliance China's parent reduces stake via $145 million placement

The deal is upsized by 25% after a recent share price rally proves not to be a deterrent.

By Anette Jönsson | 4 December 2009

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