Jiangsu province-based Chinese automobile dealership company Rundong Automobile Group is planning an IPO in Hong Kong to raise as much as US$138 million, according to an official prospectus. Rundong plans to sell 268.62 million shares at HK$3.58 to HK$3.98 per share, to raise as much as HK$1.07 billion (US$138 million). The proceeds will be used for acquisitions, […]

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