Jiangsu province-based Chinese automobile dealership company Rundong Automobile Group has raised US$124 million in a Hong Kong IPO, according to media reports. Rundong sold 268.62 million shares at HK$3.58 per share, at the lowest end of its original price range of HK$3.58 to HK$3.98. The proceeds will be used for acquisitions, as well as setting […]

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