Mando China Holdings Ltd May Raise $223 Million In Initial Public Offering-MarketLine
MarketLine reported that according to Bloomberg, Mando China Holdings, Ltd., a subsidiary of Mando Corporation, is planning to raise approximately KRW250,000 million ($223 million) in an Initial Public Offering (IPO). Mando plans to sell new stock equivalent to a 25% stake and it intends to list its shares in the Hong Kong stock exchange. Deutsche Bank and Morgan Stanley are acting as financial advisors for the transaction.
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