Singapore's Trans-cab Holdings pulled its S$114.2 million $93 million initial public offering on Monday after the company revealed an unexpected addition to its insurance premium.
Shanghai's EHi Car Service, on the other hand, is on the verge of pricing its New York Stock Exchange listing despite the lodging of a damaging FWP Free Writing Prospectus with the US Securities Exchange Commission.
Trans-Cab returns to the taxi rank
In a statement, Trans-cab said it was, Previously not aware there was an additional insurance premium of S$1.83 million inclusive of GST, which is to be invoiced by its insurer in the future, based on...
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