The company will publish a new prospectus on the basis of its financial report for the second quarter.
Aspen Properties Ltd. (1990) Ltd. (TASE:ASBT) subsidiary Aspen Building And Development Ltd. (TASE:ASBD) has postponed its planned public offering. The offering was due to be held on the basis of the company’s financial report for the first quarter of 2007. The draft prospectus was published in early August.
The company said that it would publish a new prospectus on the basis of its financial report for the second quarter.
With this announcement, Aspen Building joins Polar Investments Ltd. (TASE: PLR), BSR Projects Ltd. (TASE: BSRP) and Gilon Investments (1979) Ltd. (TASE:GILN), which have all announced the postponement of planned offerings.
Bank Hapoalim said that the TASE primary market has declined substantially at a monthly basis, and only six companies raised capital an aggregate NIS 935 million in July, compared with 39 offerings in June and 40 offerings in May.
Published by Globes [online], Israel business news - www.globes.co.il - on August 26, 2007
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