After Graff Diamonds Corp. and China Yongda Automobile Services Holdings both pulled IPOs in Hong Kong this week, Dow Jones Newswires reports Thursday that Ascendas Group will also delay its US$500 million Singapore listing of its hospitality real estate investment trust, citing people familiar with the matter.
Ascendas is owned by JTC Corp,. a Singapore government industrial infrastructure planning agency, and was seeking to list in early-to-mid June. Full story
