Carlyle-Backed New Century REIT to Cut HK IPO by at Least Half - IFR
(Reuters) - New Century Real Estate Investment Trust, which is backed by private equity firm Carlyle Group, plans to slash its Hong Kong initial public offering by at least 50 percent because of tepid demand for new listings in the city, IFR reported on Thursday. The IPO will be at least half the up to $254 million originally planned, IFR reported. New Century owns four five-star hotels in mainland China.
27 June 2013•1 min read
