Shipbuilder cancels float

08:51, May 06, 2010      

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China's New Century Shipbuilding Ltd canceled a S$666 million ($483 million) initial public offering that would have been this year's biggest in Singapore.

The company will "review the situation" and will consider restarting the IPO in the "near future", without giving a reason for withdrawing, it said. The IPO was scrapped because the Singapore exchange received a complaint that a lawsuit against a unit wasn't mentioned in the prospectus, the Business Times daily said.

Source:China Daily

(Editor:黄蓓蓓)

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