FILE PHOTO: Employees of Hyundai Group walk behind the company’s logo at its headquarters in Seoul December 7, 2010. REUTERS/Jo Yong-Hak
January 28, 2022
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)
