Logistics developer ESR Cayman scrubs Hong Kong IPO amid ‘market uncertainties’, delaying likely biggest listing this year in Asia

//Logistics developer ESR Cayman scrubs Hong Kong IPO amid ‘market uncertainties’, delaying likely biggest listing this year in Asia

Logistics developer ESR Cayman scrubs Hong Kong IPO amid ‘market uncertainties’, delaying likely biggest listing this year in Asia

Logistics real estate developer ESR Cayman said Thursday it would postpone its listing on the Hong Kong stock exchange, ­becoming the latest company to scale back plans amid escalating tensions related to the city’s ­controversial extradition bill and to the trade war between the US and China.“In light of the current market conditions, the company, having consulted the joint global coordinators, has decided that the global offering will not proceed at this time,” the largest logistics real …

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By | 2019-06-13T12:31:41+00:00 June 13th, 2019|Business|Comments Off on Logistics developer ESR Cayman scrubs Hong Kong IPO amid ‘market uncertainties’, delaying likely biggest listing this year in Asia