Equities

SFK follows others and postpones listing

By Yi Tin Chak | 29 January 2008
Keywords: ipo | postponed | construction | icea

Subscriber Content Preview.
.

The construction company believes the market fluctuations leave little hope for it to trade up in the aftermarket.

Construction and civil engineering contractor SFK Construction finally decided yesterday to withdraw its initial public offering. The decision was made three trading days after it closed the order book last Wednesday and came on a day when the Hang Seng Index lost another 4.3% to close only slightly above 24,000 points.

The management does not want to sell the shares too cheaply and the market seems to refuse to settle down, a source says on the question of why the company chose not to list now.

“It is unlikely for the stock to have a decent aftermarket performance at ...

To continue reading this article, .

You need a subscription to view this article
Articles older than 48 hours are available to subscribers only.

Log in below or buy a subscription to enjoy unlimited access to FinanceAsia.com's quickly growing 13,000 article database.

Username:

Password:

Remember me | Forgot your password?

Nomura shakes it up and brings back Jesse Bhattal

Nomura appoints Jesse Bhattal as president and COO of its global wholesale business, and brings his former Lehman colleague Philip Lynch back to the region as CEO for Asia ex-Japan.

By Lara Wozniak | 18 March 2010

BoA Merrill poaches Charles Alexander from Standard Chartered

Bank of America Merrill Lynch lures Charles Alexander to head corporate banking coverage for Asia-Pacific, just two years after he joined Standard Chartered.

By Sameera Anand | 18 March 2010

CCT brings second Reit CB in three days

CapitaCommercial Trust sells S$225 million worth of five-year CBs with the support of a few large investors.

By Anette Jönsson | 18 March 2010

Equities	Debt
M&A	Moves People Moves Business Moves
News & Views View Point Macro & Markets Corporate	Banking Structured Products FX Private Banking
Editor's Desk Awards Co-published Editor's Desk Polls Book Review Private Capital	Conference Highlights
CorporateTreasury Cash Trade CorporateTreasury Moves Risk