STOCKS | Yongkang Holdings Drops Global Offering and Listing Plan

Yongkang Holdings (2523) said it has decided not to proceed with its global offering and listing after consulting the overall coordinator and following careful consideration, according to Ming Pao. The company said the international underwriting agreement for the international offering will not be entered into, and the Hong Kong underwriting agreement for the Hong Kong public offering will not become unconditional. Yongkang said the offer shares were oversubscribed and thanked investors for their interest and support during the global offering period. It will refund application monies in full, without interest, to applicants who applied via the online White Form.