News Snapshot:
China-based property marketplace Anjuke has found its bid to IPO in Hong Kong in limbo. The company’s IPO prospectus submitted to the Hong Kong Stock Exchange (HKEx) has become invalid, six months after it was submitted. Anjuke hasn’t provided any update on its IPO. It is speculated in the market that the suspension can be attributed to corporate governance concerns. Anjuke is an online real estate marketplace in China majority owned by horizontal giant 58. com, which has 45.3% shareholding. 58.com, the China-based classifieds giant, suffered setbacks on IPO plans of its vertical businesses after it itself was delisted from...
