UPDATE 1-China PC maker Lenovo withdraws application for $1.6 bln Shanghai listing

Reuters2021-10-08

(Adds detail, background)

Oct 8 (Reuters) - China's Lenovo Group Co , the world's biggest maker of personal computers (PCs), has withdrawn its application for a 10 billion yuan ($1.55 billion) share listing in Shanghai, a Shanghai Stock Exchange filing showed on Friday.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)

((tom.daly@thomsonreuters.com; +86 10 5669 2119;))

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