Size of Syngenta’s $9.4b IPO may have led to cancellation of hearing by Shanghai bourse

Size of Syngenta’s $9.4b IPO may have led to cancellation of hearing by Shanghai bourse

FILE PHOTO: A logo is seen at the headquarters of agricultural chemical maker Syngenta in Basel, Switzerland January 30, 2020. REUTERS/Arnd Wiegmann

The Shanghai Stock Exchange called off a meeting to review a 65 billion yuan ($9.4 billion) initial public offering proposed by ChemChina’s Syngenta Group one day before it was scheduled, adding uncertainty to the Swiss seed and fertilizer giant’s long-stalled listing plan.

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