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

By Kitco News / October 08, 2021 / www.kitco.com / Article Link

Oct 8 (Reuters) - China's Lenovo Group Co(0992.HK), the world's biggest maker of personal computers (PCs),has withdrawn its application for a 10 billion yuan ($1.55 billion) share listing in Shanghai, a Shanghai Stock Exchange filing showed on Friday.The company only had its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 Chinese yuan renminbi)Reporting by Tom Daly; Editing by Andrew Heavens Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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