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China's Goldwind pulls $1.2 billiion Hong Kong IPO: source

Sun, 06/13/2010 - 6:30pm
Reuters

HONG KONG (Reuters) - China's second-largest wind turbine maker, Xinjiang Goldwind Science & Technology Co, pulled its up-to-$1.2 billion initial public offering, a source said on Sunday, the fifth Hong Kong IPO shelved since last month.

With around $3.8 billion in public offerings pulled from the Hong Kong Stock Exchange in the last few weeks, the dead deals reveal the impact of the sharp drop in China's stock markets and the global fears surrounding the euro zone debt crisis.

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