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Country Garden scraps Shanghai spin-off amid tighter IPO scrutiny
Published Tue, Dec 12, 2017 · 09:50 PM
Shanghai
COUNTRY Garden Holdings Co, a developer whose share price has almost tripled this year, scrapped a planned spin-off of a unit on Shanghai's stock exchange amid China's tightened scrutiny of initial public offerings (IPOs).
The planned listing of Guangdong Country Garden Property Services Co was cancelled because of a recent change in policies by the Chinese authorities, …
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