UPDATE 1-China Yongda pulls $434 mln HK IPO - IFR

Newswire

* Automobile dealer's move is due to weak market conditions-IFR * China Yongda had extended bookbuilding by four days * Asian markets down 11.5 in May, weighing on new listings (Adds underwriters, details of Asian market activity, IPO volumes) HONG KONG, May 28 (Reuters) - China Yongda Automobiles Services decided to pull an up to $434 million Hong Kong initial public offering because of deteriorating market conditions, IFR reported on Monday, citing two sources with direct knowledge of ...

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