The integrated supplier of marine fuel, which had been seeking to raise up to $373.6 million, confirmed the decision in a press release Tuesday, the day it was expected to fix the price, but didnÆt elaborate on the reasons. However, rather than saying that the offer was ôbeing postponedö which seems to be the most common phrase in similar situations, the company said it had ôdecided not to pursue plansö for an IPO on the Singapore main board, which suggests it is unlikely to return with a revised offer any time soon.
The deal was to...
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