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China Logistics Said to Delay $400 Million IPO on Brexit Jitters

  • Carlyle-backed warehouse developer to start offering June 29
  • Hong Kong’s benchmark index slumps most in four months Friday
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China Logistics Property Holdings Co., the warehouse developer backed by Carlyle Group LP, will delay the launch of its $400 million Hong Kong initial public offering, people with knowledge of the matter said. 

The Shanghai-based company will postpone the start of the share sale until June 29 due to volatile market conditions after Britain voted to leave the European Union, according to the people. It had originally scheduled to begin taking investor orders on June 27, one of the people said, asking not to be identified as the information is private.