The Shanghai Stock Exchange filing showed Syngenta’s application to list on the STAR Market had been accepted and the company plans to issue up to 2.79 billion shares.
HONG KONG/ZURICH: Syngenta Group will use the proceeds from its expected $10 billion (RM41.60bil) initial public offering (IPO) to fund internal growth and an acquisition spree to snare more of the $100 billion market for seeds and sprays, the agrichemical giant said on Friday.
The company's prospectus to list on Shanghai's Nasdaq-style STAR Market was posted online by the Shanghai Stock Exchange on Friday, confirming details reported this week by Reuters after the application was filed on Wednesday.
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