Soho delays share sale
11 March 2008
The head of Chinese real estate developer Soho China has said that the company will wait until market conditions have improved to list A-shares, Bloomberg reported. Soho chief Zhang Xin said her company would "have to wait for the market to be viable" before listing on the mainland, after hinting in December at a 2008 A-share debut. The benchmark Shanghai Composite Index has fallen 17% in 2008. Soho's Hong Kong-traded shares, which began trading in October 2007, have dropped 38% so far this year.
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