Low demand may cut New Century IPO in half in Hong Kong

06/27/2013 | Reuters

Low demand for new listings may cause New Century Real Estate Investment Trust to cut its Hong Kong initial public offering by half. The owner of four five-star hotels in mainland China, backed by the private equity firm Carlyle Group, has not decided on how many shares to offer in the IPO but said they could be worth half of the original plan of $254 million.

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