- Singapore-based precision-engineering company MMI International is the latest victim of weakness in Southeast Asia, reports the WSJ, as KKR pulls its planned IPO of the company for the third time.
- A timeframe for try number four hasn't yet been set.
- Singapore is lower by 1.4% this year, and IPOs of just $41M compare to about $600M over the same time frame in 2014.
- KKR purchased MMI in 2007 for $700M and previously attempted to IPO the company in 2011 and 2012.