Yongda IPO

Yongda relaunches IPO at smaller size, cheaper price

The BMW dealer now aims to raise $215 million and is believed to have secured enough demand to drag the offering across the line, even as Oman Investment Fund pulls out as a cornerstone investor.
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Yongda is China's leading BMW dealer (AFP)
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<div style="text-align: left;"> Yongda is China's leading BMW dealer (AFP) </div>

China Yongda Automobile Services Holdings is back in the market, more than four weeks after pulling its initial public offering in Hong Kong due to a lack of demand and a sharp deterioration in sentiment towards Chinese auto dealers.

¬ Haymarket Media Limited. All rights reserved.

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