zhongsheng-resumes-ipo-with-its-size-halved

Zhongsheng resumes IPO, but halves the size

The Chinese car dealer decides to sell a smaller portion of its enlarged share capital at this time, believing that the stock will command a higher valuation in the long term, sources say.

Zhongsheng Group Holdings, Toyota's major sales and service agent in China, resumes its Hong Kong initial public offering (IPO) today after a one-week delay and a reduction in the targeted size to less than half of what was originally planned.

¬ Haymarket Media Limited. All rights reserved.

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