The IPO Price of KTIS, and the valuation, will come out any day now (assuming the mid-July IPO date is unchanged). That will give us a better idea of the upside potential of KTIS shares -- and by extension the upside capital gain of the KTIS shares held by King Wan Corp.
No announcement by KTIS of a cancellation of its IPO, therefore it is still going to happen, except there is obviously some delay (again!).
The stock price of King Wan is very firm @ 32 cents on high volume, which also tells me that things are going to happen. Only main thing left is to hope the IPO price will cheong upon listing of KTIS. It will certainly trigger a run in King Wan. Ok, fasten yr seat belt!