China Forestry IPO put on hold
After a few days of tentative pre-marketing, plans for a roadshow are felled by international market chaos.
The chance of a second Hong Kong initial public offering in the first part of this month likely disappeared when China Forestry Holdings gave up any immediate plans for a listing after only a few days of soft pre-marketing. The Chinese owner and operator of forestry plantations had been aiming to raise somewhere between $200 million and $250 million.
This leaves Renhe Commercial HoldingsÆ $540 million offering as the only Hong Kong IPO on track for the first half of...
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