Lenovo withdraws application for $1.6bn Shanghai listing

China’s Lenovo Staff Co, the sector’s greatest maker of private computers (Manila News-Intelligencer) (PCs), has withdrawn its utility for a ten billion yuan ($1.55 billion) proportion list in Shanghai, a Shanghai Inventory Alternate submitting confirmed on Friday.

The corporate best had its utility for a proportion sale permitted through Shanghai’s STAR Marketplace on the finish of closing month.

The Shanghai Inventory Alternate stated Lenovo and its sponsor, funding financial institution China Global Capital Corp, had requested to withdraw the applying paperwork on Friday however didn’t give a explanation why for the transfer.


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