REFILE-UPDATE 1-China's Pangda shares plunge 20 pct on Shanghai debut

Newswire

(Refiles to fix typo in bullet points) * Pangda's share drop reflects weak market sentiment * Investors have difficulty evaluating China's first car dealer IPO-analyst * Pangda profit outlook strong -analyst (Adds analyst quote, more details) By Ai Peng Soo and Samuel Shen SHANGHAI, April 28 (Reuters) - Shares of Pangda Automobile Trade Co Ltd dropped 20 percent in their trading debut in Shanghai on Thursday after the Chinese car dealer raised close to $1 billion in the country's ...

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