Dynasty REIT drops IPO

Source:AFP Published: 2012-10-25 0:00:34

A real estate investment trust backed by Hong Kong tycoon Li Ka-shing said Wednesday it had suspended its planned $800 million yuan-denominated IPO in Singapore due to weak global markets.

Dynasty REIT's IPO, sponsored by real estate fund manager ARA Asset Management, would have been the second yuan-denominated flotation outside the Chinese mainland after Hong Kong hosted the first one in 2011.



Posted in: Companies

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