We are certainly going to see a fair amount of this. Changsheng China Property said it will not proceed with its planned Hong Kong initial public offering (IPO) due to market volatility.

Changsheng said it will review its position in regards to relaunching the IPO.

Maoye International, a mainland department store firm, confirmed that it will not proceed with its Hong Kong IPO due to adverse market conditions.

Maoye, based in the southern Chinese city of Shenzhen, said in a statement to the Hong Kong stock exchange today that it will review when to relaunch the sale, which would have been the city’s largest IPO by a Chinese department store operator.

Market sources say alternative energy firm Solargiga Energy and civil engineering firm SFK Construction also put off their share sales. And the list continues.
Source: Forbes and Bloomberg.