Far East postpones HK IPO on market volatility
Far East Consortium International Ltd<35> postponed its initial public offerings in Hong Kong amid the increasing stock market volatility, said the company in a statement on Wednesday.
"As a result of recent rising volatility in global capital market, the Spin-off will be postponed until further notice," said Far East in the statement.
The Hong Kong-based property developer and hotel operator earlier said it would list a real estate investment trust, including seven hotels as soon as April with an aim to raise up to US$320 million.
Deutsche Bank and HSBC Holding Plc<5>
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