They know something we are not told or hidden from the public?
Are we HEAVILY exposed to the EURO crisis?
Very strange to cancel free money unless.....our market or CURRENCY tanks.
New Century Shipbuilding Cancels $483 Million IPO in Singapore
<leo_highlight style="border-bottom: 2px solid rgb(255, 255, 150); background: none repeat scroll 0% 0% transparent; cursor: pointer; display: inline; -moz-background-inline-policy: -moz-initial;" id="leoHighlights_Underline_1" onclick="leoHighlightsHandleClick('leoHighlights_Underline_1')" onmouseover="leoHighlightsHandleMouseOver('leoHighlights_Underline_1')" onmouseout="leoHighlightsHandleMouseOut('leoHighlights_Underline_1')" leohighlights_keywords="bloomberg" leohighlights_url_top="http%3A//shortcuts.thebrowserhighlighter.com/leonardo/plugin/highlights/3_1/tbh_highlightsTop.jsp?keywords%3Dbloomberg%26domain%3Dwww.singsupplies.com" leohighlights_url_bottom="http%3A//shortcuts.thebrowserhighlighter.com/leonardo/plugin/highlights/3_1/tbh_highlightsBottom.jsp?keywords%3Dbloomberg%26domain%3Dwww.singsupplies.com" leohighlights_underline="true">Bloomberg</leo_highlight>
May 04, 2010, 7:38 PM EDT
By Michael Tsang
May 5 (<leo_highlight style="border-bottom: 2px solid rgb(255, 255, 150); background: none repeat scroll 0% 0% transparent; cursor: pointer; display: inline; -moz-background-inline-policy: -moz-initial;" id="leoHighlights_Underline_2" onclick="leoHighlightsHandleClick('leoHighlights_Underline_2')" onmouseover="leoHighlightsHandleMouseOver('leoHighlights_Underline_2')" onmouseout="leoHighlightsHandleMouseOut('leoHighlights_Underline_2')" leohighlights_keywords="bloomberg" leohighlights_url_top="http%3A//shortcuts.thebrowserhighlighter.com/leonardo/plugin/highlights/3_1/tbh_highlightsTop.jsp?keywords%3Dbloomberg%26domain%3Dwww.singsupplies.com" leohighlights_url_bottom="http%3A//shortcuts.thebrowserhighlighter.com/leonardo/plugin/highlights/3_1/tbh_highlightsBottom.jsp?keywords%3Dbloomberg%26domain%3Dwww.singsupplies.com" leohighlights_underline="true">Bloomberg</leo_highlight>) -- New Century Shipbuilding Ltd., the fifth-largest shipbuilder in China, canceled a S$666 million ($483 million) initial public offering that would have been this year’s biggest IPO in Singapore.
The company “intends to review the situation” and will consider restarting its IPO in the “near future,” without giving a reason for withdrawing, according to a statement on the Singapore Exchange Ltd.’s website yesterday. New Century, based in Jingjiang in southeastern China, was scheduled to sell 560 million shares at a maximum price of S$1.19 each today, the company’s prospectus and <leo_highlight style="border-bottom: 2px solid rgb(255, 255, 150); background: none repeat scroll 0% 0% transparent; cursor: pointer; display: inline; -moz-background-inline-policy: -moz-initial;" id="leoHighlights_Underline_3" onclick="leoHighlightsHandleClick('leoHighlights_Underline_3')" onmouseover="leoHighlightsHandleMouseOver('leoHighlights_Underline_3')" onmouseout="leoHighlightsHandleMouseOut('leoHighlights_Underline_3')" leohighlights_keywords="bloomberg" leohighlights_url_top="http%3A//shortcuts.thebrowserhighlighter.com/leonardo/plugin/highlights/3_1/tbh_highlightsTop.jsp?keywords%3Dbloomberg%26domain%3Dwww.singsupplies.com" leohighlights_url_bottom="http%3A//shortcuts.thebrowserhighlighter.com/leonardo/plugin/highlights/3_1/tbh_highlightsBottom.jsp?keywords%3Dbloomberg%26domain%3Dwww.singsupplies.com" leohighlights_underline="true">Bloomberg</leo_highlight> data showed.
The IPO would have given New Century a market value of S$5.31 billion. The company initially sought as much as S$1.5 billion ($1.1 billion), two people with direct knowledge of the matter said last month. <leo_highlight style="border-bottom: 2px solid rgb(255, 255, 150); background-color: transparent; background-image: none; background-repeat: repeat; background-attachment: scroll; background-position: 0% 50%; -moz-background-size: auto auto; cursor: pointer; display: inline; -moz-background-clip: -moz-initial; -moz-background-origin: -moz-initial; -moz-background-inline-policy: -moz-initial;" id="leoHighlights_Underline_4" onclick="leoHighlightsHandleClick('leoHighlights_Underline_4')" onmouseover="leoHighlightsHandleMouseOver('leoHighlights_Underline_4')" onmouseout="leoHighlightsHandleMouseOut('leoHighlights_Underline_4')" leohighlights_keywords="the%20original" leohighlights_url_top="http%3A//shortcuts.thebrowserhighlighter.com/leonardo/plugin/highlights/3_1/tbh_highlightsTop.jsp?keywords%3Dthe%2520original%26domain%3Dwww.singsupplies.com" leohighlights_url_bottom="http%3A//shortcuts.thebrowserhighlighter.com/leonardo/plugin/highlights/3_1/tbh_highlightsBottom.jsp?keywords%3Dthe%2520original%26domain%3Dwww.singsupplies.com" leohighlights_underline="true">The original</leo_highlight> amount in U.S. dollars would have been the largest ever by a Chinese company in Singapore, according to data compiled by <leo_highlight style="background-color: transparent; background-image: none; background-repeat: repeat; background-attachment: scroll; background-position: 0% 0%; -moz-background-size: auto auto; cursor: pointer; display: inline; -moz-background-clip: -moz-initial; -moz-background-origin: -moz-initial; -moz-background-inline-policy: -moz-initial;" id="leoHighlights_Underline_5" onclick="leoHighlightsHandleClick('leoHighlights_Underline_5')" onmouseover="leoHighlightsHandleMouseOver('leoHighlights_Underline_5')" onmouseout="leoHighlightsHandleMouseOut('leoHighlights_Underline_5')" leohighlights_keywords="bloomberg" leohighlights_url_top="http%3A//shortcuts.thebrowserhighlighter.com/leonardo/plugin/highlights/3_1/tbh_highlightsTop.jsp?keywords%3Dbloomberg%26domain%3Dwww.singsupplies.com" leohighlights_url_bottom="http%3A//shortcuts.thebrowserhighlighter.com/leonardo/plugin/highlights/3_1/tbh_highlightsBottom.jsp?keywords%3Dbloomberg%26domain%3Dwww.singsupplies.com" leohighlights_underline="false">Bloomberg</leo_highlight>.
UBS AG of Zurich was hired to lead the sale.
New Century shelved the offering as concern the European sovereign-debt crisis is spreading to Spain and Portugal roiled equity markets. Moscow-based UralChem Holding Plc and Grupo T- Solar Global SA of Madrid have postponed IPOs, and companies from Excel Trust Inc. in San Diego to Milwaukee-based Douglas Dynamics Inc. have reduced initial sales in the past two weeks.
--Editors: Daniel Hauck, Chris Nagi.
To contact the reporter on this story: Michael Tsang in New York at [email protected].
To contact the editor responsible for this story: Daniel Hauck at [email protected].
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Are we HEAVILY exposed to the EURO crisis?
Very strange to cancel free money unless.....our market or CURRENCY tanks.
New Century Shipbuilding Cancels $483 Million IPO in Singapore
<leo_highlight style="border-bottom: 2px solid rgb(255, 255, 150); background: none repeat scroll 0% 0% transparent; cursor: pointer; display: inline; -moz-background-inline-policy: -moz-initial;" id="leoHighlights_Underline_1" onclick="leoHighlightsHandleClick('leoHighlights_Underline_1')" onmouseover="leoHighlightsHandleMouseOver('leoHighlights_Underline_1')" onmouseout="leoHighlightsHandleMouseOut('leoHighlights_Underline_1')" leohighlights_keywords="bloomberg" leohighlights_url_top="http%3A//shortcuts.thebrowserhighlighter.com/leonardo/plugin/highlights/3_1/tbh_highlightsTop.jsp?keywords%3Dbloomberg%26domain%3Dwww.singsupplies.com" leohighlights_url_bottom="http%3A//shortcuts.thebrowserhighlighter.com/leonardo/plugin/highlights/3_1/tbh_highlightsBottom.jsp?keywords%3Dbloomberg%26domain%3Dwww.singsupplies.com" leohighlights_underline="true">Bloomberg</leo_highlight>
May 04, 2010, 7:38 PM EDT
By Michael Tsang
May 5 (<leo_highlight style="border-bottom: 2px solid rgb(255, 255, 150); background: none repeat scroll 0% 0% transparent; cursor: pointer; display: inline; -moz-background-inline-policy: -moz-initial;" id="leoHighlights_Underline_2" onclick="leoHighlightsHandleClick('leoHighlights_Underline_2')" onmouseover="leoHighlightsHandleMouseOver('leoHighlights_Underline_2')" onmouseout="leoHighlightsHandleMouseOut('leoHighlights_Underline_2')" leohighlights_keywords="bloomberg" leohighlights_url_top="http%3A//shortcuts.thebrowserhighlighter.com/leonardo/plugin/highlights/3_1/tbh_highlightsTop.jsp?keywords%3Dbloomberg%26domain%3Dwww.singsupplies.com" leohighlights_url_bottom="http%3A//shortcuts.thebrowserhighlighter.com/leonardo/plugin/highlights/3_1/tbh_highlightsBottom.jsp?keywords%3Dbloomberg%26domain%3Dwww.singsupplies.com" leohighlights_underline="true">Bloomberg</leo_highlight>) -- New Century Shipbuilding Ltd., the fifth-largest shipbuilder in China, canceled a S$666 million ($483 million) initial public offering that would have been this year’s biggest IPO in Singapore.
The company “intends to review the situation” and will consider restarting its IPO in the “near future,” without giving a reason for withdrawing, according to a statement on the Singapore Exchange Ltd.’s website yesterday. New Century, based in Jingjiang in southeastern China, was scheduled to sell 560 million shares at a maximum price of S$1.19 each today, the company’s prospectus and <leo_highlight style="border-bottom: 2px solid rgb(255, 255, 150); background: none repeat scroll 0% 0% transparent; cursor: pointer; display: inline; -moz-background-inline-policy: -moz-initial;" id="leoHighlights_Underline_3" onclick="leoHighlightsHandleClick('leoHighlights_Underline_3')" onmouseover="leoHighlightsHandleMouseOver('leoHighlights_Underline_3')" onmouseout="leoHighlightsHandleMouseOut('leoHighlights_Underline_3')" leohighlights_keywords="bloomberg" leohighlights_url_top="http%3A//shortcuts.thebrowserhighlighter.com/leonardo/plugin/highlights/3_1/tbh_highlightsTop.jsp?keywords%3Dbloomberg%26domain%3Dwww.singsupplies.com" leohighlights_url_bottom="http%3A//shortcuts.thebrowserhighlighter.com/leonardo/plugin/highlights/3_1/tbh_highlightsBottom.jsp?keywords%3Dbloomberg%26domain%3Dwww.singsupplies.com" leohighlights_underline="true">Bloomberg</leo_highlight> data showed.
The IPO would have given New Century a market value of S$5.31 billion. The company initially sought as much as S$1.5 billion ($1.1 billion), two people with direct knowledge of the matter said last month. <leo_highlight style="border-bottom: 2px solid rgb(255, 255, 150); background-color: transparent; background-image: none; background-repeat: repeat; background-attachment: scroll; background-position: 0% 50%; -moz-background-size: auto auto; cursor: pointer; display: inline; -moz-background-clip: -moz-initial; -moz-background-origin: -moz-initial; -moz-background-inline-policy: -moz-initial;" id="leoHighlights_Underline_4" onclick="leoHighlightsHandleClick('leoHighlights_Underline_4')" onmouseover="leoHighlightsHandleMouseOver('leoHighlights_Underline_4')" onmouseout="leoHighlightsHandleMouseOut('leoHighlights_Underline_4')" leohighlights_keywords="the%20original" leohighlights_url_top="http%3A//shortcuts.thebrowserhighlighter.com/leonardo/plugin/highlights/3_1/tbh_highlightsTop.jsp?keywords%3Dthe%2520original%26domain%3Dwww.singsupplies.com" leohighlights_url_bottom="http%3A//shortcuts.thebrowserhighlighter.com/leonardo/plugin/highlights/3_1/tbh_highlightsBottom.jsp?keywords%3Dthe%2520original%26domain%3Dwww.singsupplies.com" leohighlights_underline="true">The original</leo_highlight> amount in U.S. dollars would have been the largest ever by a Chinese company in Singapore, according to data compiled by <leo_highlight style="background-color: transparent; background-image: none; background-repeat: repeat; background-attachment: scroll; background-position: 0% 0%; -moz-background-size: auto auto; cursor: pointer; display: inline; -moz-background-clip: -moz-initial; -moz-background-origin: -moz-initial; -moz-background-inline-policy: -moz-initial;" id="leoHighlights_Underline_5" onclick="leoHighlightsHandleClick('leoHighlights_Underline_5')" onmouseover="leoHighlightsHandleMouseOver('leoHighlights_Underline_5')" onmouseout="leoHighlightsHandleMouseOut('leoHighlights_Underline_5')" leohighlights_keywords="bloomberg" leohighlights_url_top="http%3A//shortcuts.thebrowserhighlighter.com/leonardo/plugin/highlights/3_1/tbh_highlightsTop.jsp?keywords%3Dbloomberg%26domain%3Dwww.singsupplies.com" leohighlights_url_bottom="http%3A//shortcuts.thebrowserhighlighter.com/leonardo/plugin/highlights/3_1/tbh_highlightsBottom.jsp?keywords%3Dbloomberg%26domain%3Dwww.singsupplies.com" leohighlights_underline="false">Bloomberg</leo_highlight>.
UBS AG of Zurich was hired to lead the sale.
New Century shelved the offering as concern the European sovereign-debt crisis is spreading to Spain and Portugal roiled equity markets. Moscow-based UralChem Holding Plc and Grupo T- Solar Global SA of Madrid have postponed IPOs, and companies from Excel Trust Inc. in San Diego to Milwaukee-based Douglas Dynamics Inc. have reduced initial sales in the past two weeks.
--Editors: Daniel Hauck, Chris Nagi.
To contact the reporter on this story: Michael Tsang in New York at [email protected].
To contact the editor responsible for this story: Daniel Hauck at [email protected].
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