July 12 (Reuters) - Changfeng Energy Inc CFY.V :
* CHANGFENG ANNOUNCES HONG KONG IPO UPDATE
* MANAGEMENT OF CHANGFENG HAS DETERMINED TO RESCHEDULE ITS PURSUIT OF HK IPO FOR COMPLETION DURING FIRST HALF OF 2019
* COMPANY HAS APPOINTED ALTUS CAPITAL LIMITED AS SPONSOR IN PLACE OF GF CAPITAL
* NEVERTHELESS, GF CAPITAL WILL CONTINUE TO SUPPORT HK IPO PLAN AS FINANCIAL ADVISER TO COMPANY