IPO abandon private shipbuilding boss said not to raise the necessary funds

May 9, Jiangsu New Century Shipbuilding Co., Ltd. (hereinafter referred to as the new century shipbuilding), chairman of Yuan Kaifei confirmed to reporters by telephone that the company has canceled the listing.

New Century Shipbuilding was on May 7 message through the Swiss bank announced the news. This from the New Century Shipbuilding Co., Ltd. announced the resumption of public 5 days, however.

This reporter learned that, with most of the shipyard, the new century shipbuilding orders in hand prior to harvest in 2008, in holding more than 80 orders, production tasks scheduled through 2012. However, industry sources said the ship had in Jiangsu, the new century, no new orders in 2009.

According to Singapore's "Lianhe Zaobao," sources said, the new century is due to withdraw the listing of "New Century, a subsidiary of its shipping industry, the construction of two on a bulk carrier, a contract worth 180 million U.S. dollars, are involved together with the Sino Noble Inc. lawsuit. "

In this regard, Yuan Kaifei Reply reporter said, saying too much, yet Wuxialikuai. "This year, with most listed companies, ran aground last only listing."

Yuan Kaifei explained to reporters, to make withdrawals, the decision was affected by the environment, "we did not raise the amount of funding needed."

According to public information, the new century ship was built in 1970, in July 2004 for the private joint-stock enterprise restructuring, the company once listed on the preparatory work. New Century Shipbuilding in 2008, the program listing in Singapore because of the financial crisis was postponed.

May 2, 2010, re-launched the new century shipbuilding market preparations. According to our previous news, New Century Shipbuilding plans IPO to raise 700 million -11 billion dollars. As early as mid-May listing. Just five days after the cancellation of the plan in the new century.

According to China Shipbuilding Industry Association statistics, in the new century shipbuilding shipbuilding capacity in 2009 ranked third in the world 11, ranking first in China's private shipbuilding enterprise.