HONG KONG (Yonhap News) ― South Korean auto parts manufacturer Mando Corp. plans to list its Chinese holding firm on the Hong Kong stock market, as part of its efforts to boost its presence in China, company officials said Wednesday.

The date for an initial public offering of Mando China Holdings Ltd. has yet to be decided, the Mando officials said.

Mando, an affiliate of South Korea’s Halla Group, is the second-largest auto parts maker in South Korea, following Hyundai Mobis Co., an affiliate of auto giant Hyundai Motor Group.

Last month, Mando established the Chinese affiliate with an initial capital of 7 billion won ($6.25 million).

The new entity will hold controlling stakes in Mando’s eight Chinese operations in Harbin, Ningbo, Suzhou, Beijing, Tianjin and Shenyang.

Mando has many global automakers as its clients and runs nine overseas plants, including four in China.

In 2010, the auto parts maker made a stellar comeback on the Seoul bourse, 10 years after the company, previously known Mando Machinery Corp., was delisted from South Korea’s stock market due to poor performance stemming from the Asian-wide financial turmoil in 1997.

Its parent Halla Group bought back a 72.4 percent stake in the auto parts supplier for 652 billion won in 2008 after selling it in 1999.