Universal Terminal delays IPO

Singapore: Singapore’s Universal Terminal has reportedly postponed its S$1bn IPO due to uncertain market conditions.

The company has moved the IPO on the Singapore Stock Exchange from early December to February 2015.

Universal Terminal, which started commercial operations in 2008, is owned by Singapore’s Hin Leong Group and PetroChina. The terminal is based in Jurong Island and is one of the largest independent oil storage terminals in Asia. [09/12/14]

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