Perennial China Retail Trust (PCRT) has called off its S$1.1 billion ($862 million) initial public offering, citing the volatility in global markets. According to a press release issued by the Perennial group during the weekend, the trust management company and the sponsor intend to bring the Singapore deal back to market as soon as possible after taking into account feedback from investors.
¬ Haymarket Media Limited. All rights reserved.
