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New IPO | Yongkang Holdings will not conduct global offering and listing
Southeast Asia container yard operator Yongkang Holdings (02523) announced that it has decided that it will not proceed with a global offering and listing for the time being.
After consulting with the overall coordinator and carefully and thoroughly considering the matter, the company has decided not to proceed with the global offering and listing for the time being, and intends to explore potential alternatives. Accordingly, no international underwriting agreement in respect of the international offering will be entered into, and the Hong Kong underwriting agreement in respect of the Hong Kong public offering will not become unconditional.
The company noted that the Hong Kong offered shares have been oversubscribed, and hereby expresses its gratitude to investors who are interested in the company and for their support during the global offering.