Theranautilus Secures $1.2 Mn in Seed...
19 Nov 2024
Syngenta Group withdrew its longdelayed application for a $ 9 billion initial public offering in Shanghai, another blow to China´s equity markets after Alibaba Group Holding this week scrapped the listing of its logistics arm. The China seed and pest -icide giant “will look to restart the listing process, either in China or a different global exchange, when the conditions are right,” Syngenta said on Friday in a statement on its website.
“It will also explore alternate sources of funding.” The announcement, which confirmed a report by Bloomberg News, is further eviden -ce of the headwinds confronting Chinese equities.
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