A Chinese shipbuilding group yesterday cancelled a S$666m ($481m) initial public offering that would have been the largest in Singapore this year.
New Century Shipbuilding, based near the Chinese port of Zhangjiagang on the Yangtze River, had earlier scaled down the listing from an initial target of up to S$1.5bn.
The decision to abandon the flotation comes amid nervousness in global markets triggered by scepticism about the rescue deal for Greece.
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