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

The Lenovo logo is seen in this illustration photo January 22, 2018.REUTERS/Thomas White/Illustration

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Oct 8 (Reuters) - China's Lenovo Group Co(0992.HK), the world's biggest maker of personal computers (PCs),has withdrawn its application for a 10 billion yuan ($1.55 billion) share listing in Shanghai, a Shanghai Stock Exchange filing showed on Friday.

China PC maker Lenovo withdraws application for  .6 bln Shanghai listing

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)

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Reporting by Tom Daly; Editing by Andrew Heavens

Our Standards: The Thomson Reuters Trust Principles.

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