The initial public offering of car parts maker Mando China may not attract too much attention for its size as a listing candidate, but its client list is turning heads. It will also be the first South Korean company to go public in Hong Kong.
Car parts suppliers in China are facing pricing pressures and stiff competition. Mando China, with its ties to Hyundai and Kia, may have an advantage over them. Both Korean carmakers have expansion plans in the world's largest car market over the next two-and-a-half years.
via Business feed http://www.scmp.com/business/companies/article/1236303/mando-china-helped-kia-hyundai-ties
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