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SYNGENTA'S APPLICATION TO BE LISTED ON SHANGHAI STOCK EXCHANGE RECEIVES APPROVAL
Jun. 19, 2023
Reuters reports:
HONG KONG/BEIJING - Swiss agrichemicals and seeds group Syngenta's initial public offering (IPO) application has passed a review by the listing committee of the Shanghai Stock Exchange, a filing posted on the exchange showed on Friday.
The IPO still needs approval from China's securities regulator before it can go ahead but the greenlight from the exchange marks a first step in what has been a drawn-out process for an expected 65-billion-yuan ($9.14 billion) listing.
Syngenta first tried to list on Shanghai's tech-focused STAR Market but switched to the main board of the exchange last month after the bourse canceled a hearing in late March without providing a reason.
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