PSA PORT GROUP IPO POSTPONED
Temasek Holdings, the Singapore government-controlled entity that owns the PSA Corp. global terminal group, has announced the postponement of the planned initial public offering of PSA.
Temasek did not mention for how long the proposed IPO would be postponed, but said that it will “review the possibility when the market is more conducive.”
Government-owned PSA first announced the possibility of an IPO in 2000.
Evergreen, the Taiwanese carrier, has recently decided to move its Southeast Asian container hub from Singapore to the neighboring port of Tanjung Pelepas in Malaysia.
PSA PORT GROUP IPO POSTPONED
