CNMC becomes latest HK IPO to cancel

30 May 2012

China Nonferrous Mining Corp has become the latest Hong Kong issuer to cancel its IPO this week, scrapping its deal just two days after China Yongda Auto also turned its back on the market.

The mining company had already delayed the pricing date of its IPO in the hope that it could persuade a few key accounts to place orders. But the volatility that rocked the market last week has shown no signs of abating, and the company decided to abandon its ...

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