New Century nixes IPO
New Century nixes IPO
10:12, May 06, 2010 
Email | Print | Subscribe | Comments | Forum 
China's New Century Shipbuilding withdrew its $560 million Singapore IPO after a complaint the firm left out critical information in its prospectus, sources said Wednesday, the latest controversy over a Chinese firm listing in the city-state.
Two sources familiar with the deal confirmed a report in the Singapore Business Times Wednesday that said the Chinese shipbuilder failed to disclose an ongoing legal dispute with a customer that had canceled an order for two bulk carriers.
Source: Global Times
Two sources familiar with the deal confirmed a report in the Singapore Business Times Wednesday that said the Chinese shipbuilder failed to disclose an ongoing legal dispute with a customer that had canceled an order for two bulk carriers.
Source: Global Times
（Editor：黄蓓蓓）
Related Reading
Special Coverage
Premier Wen Jiabao visits Hungary, Britain, Germany 
From drought to floods
Major headlines
Tibet poised to embrace even brighter future, 60 years after peaceful liberation
Chinese official calls for more language, culture exchanges with foreign countries
Senior Chinese leader calls for efforts to develop new energy
Central gov't delegation arrives in Lhasa for Tibet Peaceful Liberation Celebrations
China Southern Airlines sends charter flight carrying peacekeepers to Liberia
Editor's Pick
Hot Forum Discussion
