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MARKETS & INVESTING | Staff Reporter, Hong Kong
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Sun Art Retail Group delays debut in Hong Kong

Retail investors are given six days to reconsider bids on the $1.1b IPO.

A Reuters report said, “Trading of the shares, originally set to start on Friday, was delayed to July 27 so that investors could assess the potential impact of the EPS Clarification on their investment decision.”

In a securities filing Sun Art said it had a 1-26 stock split on June 27, but its prospectus failed to change EPS figures based on the number of outstanding shares. The company changed EPS figures for the 2008, 2009 and 2010 years as well as for the three months to March 31 and will issue a supplemental prospectus on Monday.

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