Mando China postpones Hong Kong IPO

The decision comes after Asian stocks tumble on the last day of bookbuilding, but the market congestion caused by two other billion-dollar offerings may also have had a negative impact on demand, sources say.

Mando China postpones Hong Kong IPO

Mando China has decided to postpone its Hong Kong initial public offering, which was expected to raise between $213 million and $270 million. The company is a wholly owned subsidiary of Mando Corp commonly referred to as Mando Korea and one of the leading suppliers in China of chassis-related auto parts.

Mando China said in a filing to the Hong Kong stock exchange on Friday that the company and Mando Corp have decided to postpone...

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