Bloomberg News

GREATER CHINA DAYBOOK: Sun Art IPO Delayed; China FDI for June

July 14, 2011

July 15 (Bloomberg) -- Sun Art Retail Group Ltd., China’s largest hypermarket operator, said its Hong Kong trading debut will be delayed to July 27 instead of today because of an error in its IPO prospectus.

The retailer, which raised HK$7.97 billion ($1 billion) this month in an initial public offering, clarified historical earnings per share and asked investors to confirm their applications by July 20, in a filing today to Hong Kong’s stock exchange.

--With assistance from Bloomberg News in Shanghai and Nicholas Moharschurz in New York. Editors: Joshua Fellman, John Liu

To contact the reporter on this story: Joshua Fellman in Shanghai at jfellman@bloomberg.net

To contact the editor responsible for this story: Joshua Fellman at jfellman@bloomberg.net


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