Manulife shelves $420 million Singapore REIT IPO as markets swoon

By S.Anuradha and Anshuman Daga SINGAPORE (Reuters) – Canada’s Manulife Financial Corp shelved its S$569 million ($420 million) IPO of a real estate investment trust in Singapore on Monday, the first major Asian offering outside China to be pulled due to deteriorating global markets. The postponement of the IPO, which had been slated to be Singapore’s biggest in a year, came as Greeks overwhelmingly rejected conditions of a rescue package