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.
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Mando supplies parts to manufacturers in China and globally
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<div style="text-align: left;"> Mando supplies parts to manufacturers in China and globally </div>

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.

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