Zhongsheng delays HK IPO

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Zhongsheng delays HK IPO

Issue: 1144 - 4 March 2010

Zhongsheng Group, one of China’s biggest car dealerships, put plans for a Hong Kong IPO worth around $800m on hold this week, delaying a roadshow after news of a sweeping Toyota recall led to a disappointing response from investors during pre-marketing. ..

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