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Lenovo withdraws $1.55b Shanghai listing application

Source: pdnews.cn pdnews.cn
News Snapshot:

The logo of Lenovo at its headquarters in Beijing, China, September 20, 2021. /CFP The world's top PC maker, China's Lenovo, has withdrawn its application to list on the Shanghai Stock Exchange (SSE), according to a filing on Friday. The 10-billion-yuan ($1.55 billion) share listing application was accepted by the country's Nasdaq-style sci-tech innovation board, the STAR Market, on the last day of September. China's stock market was closed during the National Day holiday, from October 1 to 7, which means the application was withdrawn after only one trading day. The Shanghai Stock Exchange said it had accepted the withdrawal…

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