Summary of possible reasons published in the news:
- The demand for its units was tepid. Demand from institutional investors wasn’t up to the company’s expectations as the deal size was too large.
- Some investors were skeptical of the growth prospects in some of its European assets given these investors’ unfamiliarity with those markets.
- A spokesman for Cromwell Property Group declined to comment.
- A spokesman for SGX said that they cannot comment on specific companies.
See news here Cromwell REIT drops plans for Singapore IPO
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