The trust said in a statement that "in view of the relatively volatile market conditions, the Trustee-Manager and the sponsor have decided that it would be in the best interest of investors to defer the proposed IPO."
This is despite the trust securing a cornerstone tranche amounting to 39.2% of the proposed size of the IPO from key investors. Full story
Related:
Chinese retail mall postpones IPO due to market conditions - The China Post
