More HK IPOs cancelled, but new offers keep coming

Seven small and mid-cap listing candidates published their retail prospectuses last week, as the deadline for using 2010 accounts overshadowed the continued volatility in the local equity market.

More HK IPOs cancelled, but new offers keep coming

Another two Hong Kong IPOs were called off on Thursday last week, bringing the total number of aborted deals in June to six. And that’s not counting those that chose not to launch after completing investor education.

Beijing Jingneng Clean Energy Group, which had been seeking to raise up to HK$4.9 billion $630 million, and CT Environmental Group, which was targeting up to $90 million, both citied market conditions as the reason...

To continue reading, please login or register for free

Print Edition

FinanceAsia Print Edition

CONFERENCES

  • Green Bonds Southeast Asia

    25 May 2017  |  Singapore
    With Green Bonds globally reaching USD200 billion outstanding in 2016, from as little as 30bn just 4 years ago, can SE Asia corporations and ...
  • 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 ...