The future of one of Britain’s largest shopping centre owners is hanging in the balance after a Hong Kong-listed investor backed out of talks to become a cornerstone shareholder in an emergency fundraising. Link Real Estate Investment Trust, whose investments including shopping centres in China, abandoned talks to support Intu Properties’ planned equity-raising at the end of this month. Intu, which owns 20 shopping centres in Britain and Spain, including the Trafford Centre in Manchester, is planning a cash-call to reduce its £4.7 billion debts. The company is suffering amid a significant rebasing of rental and capital values for shopping centres as retailers struggle to adapt to competition from online rivals. Intu confirmed on Monday that Link was a prospective investor after a