withdrawn

The cancelled block trade accounted for 1.15% of the Korean steelmaker and was offered at a discount of up to 4%. Meanwhile, a controlling shareholder in Hong Kong-listed Hop Hing sells $91 million worth of shares.

The Chinese brokerage calls off its IPO of up to $1.67 billion blaming market conditions, while Beijing Jingneng kicks off the roadshow for a revived IPO of up to $256 million.

The spin-off from Swire Pacific was aiming to raise up to $2.7 billion ahead of a Hong Kong listing, but in light of the sharp drop in equity markets this week, the company says pushing ahead with the deal would be against the interests of shareholders.

The decision not to go ahead is made after the deal had already been downsized, but sources say the offering was fully covered and the cancellation is not due to market conditions.

Maritime Capital becomes the third listing candidate to cancel an IPO in 48 hours amid deteriorating equity markets.

A sharp drop in the share price of SK Holdings erodes the value of the listing candidate, which was to be first Korean IPO with an international tranche this year.

The shipping company blames market conditions, but strong demand for another IPO candidate suggests sector concerns and company specific issues may have played a bigger role in keeping investors away.