china-forestry-ipo-put-on-hold

China Forestry IPO put on hold

After a few days of tentative pre-marketing, plans for a roadshow are felled by international market chaos.
October 01, 2008
The chance of a second Hong Kong initial public offering in the first part of this month likely disappeared when China Forestry Holdings gave up any immediate plans for a listing after only a few days of soft pre-marketing. The Chinese owner and operator of forestry plantations had been aiming to raise somewhere between $200 million and $250 million.

This leaves Renhe Commercial HoldingsÆ $540 million offering as the only Hong Kong IPO on track for the first half of October. Renhe, which operates underground shopping malls in several Chinese cities, launched its institutional roadshow on Monday and opened its books to retail investors on Tuesday.

One source close to China Forestry blamed market volatility...
¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at [email protected], or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at [email protected], or +(852) 2122 5222