SINGAPORE: Singapores Universal Terminal has postponed its up to S$1 billion (RM2.63 million) business trust initial public offering (IPO) of oil storage terminals due to uncertain market conditions, IFR reported. Listing is now targeted before the Chinese new year in February, a source close to the deal said, IFR reported. œThe company is monitoring the market conditions, the source said, according to IFR. Books were to originally open yesterday and listing was targeted for December 18. Reuters
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