April 18, 2024
Stocks & Bonds
China’s Green Source drops IPO plans in Korea
[THE INVESTOR] China-based Green Source International has shelved its plans to list on secondary bourse KOSDAQ, the company said on June 16.
The fertilizer manufacturer said it is voluntarily withdrawing after applying for an IPO review on March 15 to the Korea Exchange, the country’s stock operator.
“Due to the outbreak of avian influenza in southern China, the management is busy trying to normalize business,” an official at the company said. “We are still examining the impact on our firm.”
He added that the company will discuss future IPO plans with its advisor Shinhan Investment, as it plans to reapply later.
By Park Ga-young (gypark@heraldcorp.com)
The fertilizer manufacturer said it is voluntarily withdrawing after applying for an IPO review on March 15 to the Korea Exchange, the country’s stock operator.
“Due to the outbreak of avian influenza in southern China, the management is busy trying to normalize business,” an official at the company said. “We are still examining the impact on our firm.”
He added that the company will discuss future IPO plans with its advisor Shinhan Investment, as it plans to reapply later.
By Park Ga-young (gypark@heraldcorp.com)
