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S.Korea’s Hyundai Engineering says to postpone its planned IPO – Metro US

S.Korea’s Hyundai Engineering says to postpone its planned IPO

Employees of Hyundai Group walk behind the company’s logo at
Employees of Hyundai Group walk behind the company’s logo at its headquarters in Seoul

SEOUL (Reuters) – South Korean builder Hyundai Engineering Co Ltd said on Friday it has decided to postpone its upcoming initial public offering (IPO).

In a regulatory filing, it cited various reasons for the postponement such as difficulty in receiving a proper evaluation of the company’s value.

(Reporting by Joyce Lee and Heekyong Yang; Editing by Jacqueline Wong)

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