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

  • 10/8/2021
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Oct 8 (Reuters) - China"s Lenovo Group Co(0992.HK), the world"s biggest maker of personal computers (PCs),has withdrawn its application for a 10 billion yuan ($1.55 billion) share listing in Shanghai, a Shanghai Stock Exchange filing showed on Friday.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, <3908.HK>, 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 Our Standards: The Thomson Reuters Trust Principles.

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