S.Korea bourse approves Mando Corp's IPO in May

Newswire

SEOUL, March 25 (Reuters) - The Korea Exchange approved an initial public offering by auto parts maker Mando Corp in May, paving the way for the delisted company to return to the bourse. The offering size and pricing terms had not been decided, the exchange said in a statement on Thursday. Mando is owned by Halla Group, which had sold the company in 1999 because of financial troubles. Halla Group and financial investors bought back 73 percent of the company from private equity firms CCMP ...

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