Swiss agrichemicals and seeds giant Syngenta Group has withdrawn its application for a listing in Shanghai amid mainland China’s slowing equities market, dashing hopes for one of the largest share sales this year in the country’s commercial hub.
The Shanghai Stock Exchange said it had terminated a review of the company’s initial public offering (IPO) application after Syngenta applied to withdraw its IPO documents on Friday.
“After careful consideration of the industry environment and the company’s own development strategy, Syngenta Group has decided to withdraw its application for an IPO on the main board of the Shanghai Stock…
