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UPDATE 1-China PC maker Lenovo withdraws application for $1.6 bln Shanghai listing

Source: yahoo.com yahoo.com
News Snapshot:

(Adds detail, background) Oct 8 (Reuters) – China's Lenovo Group Co, the world's biggest maker of personal computers (PCs), has withdrawn its application for a 10 billion yuan ($1.55 billion) share listing in Shanghai, a Shanghai Stock Exchange filing showed on Friday. The company only had its application for a share sale accepted by Shanghai's STAR Market at the end of last month. The Shanghai Stock Exchange said Lenovo and its sponsor, investment bank China International Capital Corp , had asked to withdraw the application documents on Friday but did not give a reason for the move. ($1 = 6.4430…

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