Hopewell Properties postpones HK$6b IPO: report

Hopewell HK Properties postpones HK$6b IPO: report Reuters in Hong Kong Hopewell Hong Kong Properties has postponed plans for an initial public offering in Hong Kong, The Wall Street Journal reported on its website late on Tuesday, citing sources with knowledge of the deal.

The unit of Hopewell Holdings was scheduled to price the deal on Wednesday before listing on June 19, but decided to pull the plug due to adverse market conditions, becoming the second postponement in Hong Kong in less than a month, according to the Journal.

via Business feed http://www.scmp.com/business/money/article/1259090/hopewell-properties-postpones-hk6b-ipo-report