Goldman Sachs Stops Work On IPO For Chinese Conglomerate

Goldman Sachs has suspended work for a Chinese conglomerate outsourcing their U.S. initial public offering (IPO)…”Reuters reported in July that HNA had tapped Goldman to work on the U.S. IPO of Pactera, a Beijing-based firm it bought from Blackstone last year for $675 million in cash. The unit was renamed HNA Ecotech Panorama Cayman Co this year…” [ Read more here ]