Hong Kong IPOs

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.
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Chinese car dealers such as Yongda are struggling to attract demand
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<div style="text-align: left;"> Chinese car dealers such as Yongda are struggling to attract demand </div>

Modest gains yesterday and on Friday helped keep the Hong Kong stock market in the black (up 1.5% since the start of the year), but did little to alter the highly cautious investor sentiment that has pushed the Hang Seng Index 11.8% lower since the beginning of May, market watchers say.

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