Travelsky grounded

Deteriorating market sentiment has led to the postponement of an H share offering for Travelsky Technology.

Lead manager Goldman Sachs has decided not to launch the $150 million offering for Travelsky Technology this year, despite receiving positive market feedback about the company from investors during pre-marketing last week. Key to its decision has been the share performance of China Mobile, which has shed 10.06% over the past two days.

The PRC's dominant wireless operator has come under increasing pressure following indications by China's Ministry of Information Industry MII that it is...

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