May 5 (Bloomberg) -- New Century Shipbuilding Ltd., the fifth-largest shipbuilder in China, canceled a S$666 million ($483 million) initial public offering that would have been this year’s biggest IPO in Singapore.The company “intends to review the situation” and will consider restarting its IPO in the “near future,” without giving a reason for withdrawing, according to a statement on the Singapore Exchange Ltd.’s website yesterday. New Century, based in Jingjiang in southeastern China, was scheduled to sell 560 million shares at a maximum price of S$1.19 each today, the company’s prospectus and Bloomberg data showed. Full Story
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Chinese shipbuilder withdraws Singapore IPO - Marine Log
New Century Cancels Singapore Listing - The New York Times
