International Hotel Investments plc has yet again postponed its plans to list on an international exchange and has instead identified potential investors from whom it hopes to raise new equity capital through private placements, the company said in an announcement on the stock exchange on Monday.

IHI said turbulent international financial market conditions had led it to again postpone its plans to issue new shares through a listing on an international exchange, following its attempts in 2008 and 2010.

In December 2010, IHI had announced on the stock exchange it planned to issue new shares through a public offering on a major stock exchange. At the time, company directors had publicly spoken of the London Stock Exchange as their preferred choice for the listing.

IHI said on Monday it is committed to its strategy to raise new equity, firmly grounded in its vision to expand its portfolio of hotels and mixed use properties internationally. The company will soon embark on a series of “road shows” with international institutional investors in various jurisdictions, the announcement read.

“The company has identified a number of potential investors, consisting principally of sovereign funds and other institutions, to which it will make presentations, inviting them to participate in the subscription of new shares with a view of raising new equity capital on a private placement basis,” IHI said.