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Over 17% thud in Honh Kong for Lenovo after the Chinese tech giant withdrew its 10 billion yuan IPO application for listing in Shanghai.
The largest PC manufacturer in the world has announced the withdrawal of the request for listing which had been accepted by the STAR Market in Shanghai.
Lenovo has specified that the turnaround is dictated by the possibility that the validity of the financial information in its prospectus will lapse during the review of the application, without specifying the reasons why the information may no longer be valid.