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EKH Scraps HK$138 Million Hong Kong IPO

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EKH (HKG:2523) said it will not proceed with its Hong Kong initial public offering and planned listing, according to a bourse filing Wednesday.

The Singapore-based container depot operator said it made the decision after consulting with the overall coordinator and will explore potential alternatives.

Application monies, including related fees and levies, will be refunded in full without interest by July 13. No share certificates will be issued.

The company had been seeking to raise up to HK$138.3 million through the offering.

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