China’s SDIC delays London listing, blaming weak market conditions
Insider insists it's a postponement rather than a cancellation, and the deal could return ‘relatively quickly’
04 December 2019 - 20:59
Bengaluru — Chinese power generation company SDIC postponed on Wednesday plans for an offering of global depositary receipts (GDRs) in London, setting the seal on what has been a miserable year for initial public offerings (IPOs) across Europe.
SDIC, which was set to become the second Chinese company to make use of the Shanghai-London Stock Connect scheme, said it would not go ahead with the listing, blaming market conditions...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.