Tong Ren Tang healthcare unit pulls Hong Kong IPO scheduled for Monday

Beijing Tong Ren Tang Healthcare Investment, a provider of healthcare services based on traditional Chinese medicine, postponed its Hong Kong initial public offering (IPO) on Friday, citing “prevailing market conditions” and other factors. The company was one of six trading debuts slated for Monday, including an exchange-traded fund (ETF) and firms involved in AI and robotics. The firm had aimed to raise up to HK$897.7 million (US$115 million) by offering 108.15 million shares at between HK$7...

By Julie Zhang