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Lenovo shares drop 17% as it withdraws Shanghai listing application
short by Hiral Goyal / on Monday, 11 October, 2021
World's biggest personal computer maker Lenovo's shares dropped as much as 17% on Monday after the company withdrew its application for a ¥10 billion share listing in Shanghai. The drop marked Lenovo's biggest intraday decline in over a decade. The company withdrew its application saying the validity of the information in its prospectus may have lapsed during the vetting process.
read more at Reuters