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Chaos of 29 banks worsens WH Group IPO shambles

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By Clare Hammond, Rev Hui
24 Apr 2014

WH Group delayed, restructured and shrank what would have been a $6bn IPO this week, after revelations about corporate governance gave investors qualms. The situation was undoubtedly made worse, however, by the issuer's decision to use a 29 bookrunner syndicate — a record for a Hong Kong IPO.

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By Clare Hammond, Rev Hui
24 Apr 2014