Another Hong Kong IPO bites the dust

Xing Yuan Power pulls its $91 million to $121 million IPO as investors shun small, illiquid names — setting a poor precedent for four other listing candidates due to price this week.

Another Hong Kong IPO bites the dust

The Hong Kong stockmarket closed marginally higher yesterday, making it the first time this month that it managed to post gains for two sessions in a row, but that wasn’t enough to save the initial public offering of Xing Yuan Power Holdings, a Chinese manufacturer of mid-range diesel generator cores for use in permanently installed and mobile power systems. The company, which was the first among five listing hopefuls of size due to price in Hong Kong this...

To continue reading, please login or register for free

Click for more on: ipo | cancelled | pulled

Print Edition

FinanceAsia Print Edition


  • 2nd Compliance Summit Southeast Asia

    17 August 2017  |  Singapore
    The 2017 Compliance Summit Southeast Asia will take an in-depth look at the key compliance considerations today with a focus on regulation and new ...