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Lenovo withdrew plans to list on the Shanghai stock exchange · TechNode


Chinese PC-maker Lenovo on Friday withdrew plans to list on Shanghai’s Nasdaq-style STAR Market, eight days after it filed the listing application. Lenovo had planned to sell as much as 10% of its Hong Kong equity as Chinese depositary receipts (CDRs) in the STAR Market. The company’s stock dropped 4.76% on Friday on the Hong Kong market. [Shanghai Stock Exchange, in Chinese]



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Written by Aakash Malu

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