South Korea's Hyundai Oilbank withdraws its IPO plan

HD Hyundai

21/07/2022 01:55

SEOUL, July 21 (Reuters) - South Korean refiner Hyundai
Oilbank said on Thursday it has withdrawn its initial public
offering (IPO) plan.  urn:newsml:reuters.com:*:nL1N2YG0EN
    The refiner decided to withdraw its plans to list
considering the difficulty of receiving a proper valuation for
the company, due to the recent deterioration of the stock market
and other conditions, its parent HD Hyundai Co Ltd  267250.KS 
said in a regulatory filing. 

 (Reporting by Heekyong Yang and Joyce Lee; Editing by
Jacqueline Wong)
 ((joyce.lee@tr.com;))