Lenovo stock drops 17% after withdrawing Shanghai listing plan


FILE PHOTO: The Lenovo logo is seen in this illustration photo January 22, 2018. REUTERS/Thomas White/Illustration

SHANGHAI: Lenovo Group Ltd saw its stock fall more than 17% on Monday, its biggest intraday decline in over a decade, after the Chinese technology giant withdrew its application for a 10 billion yuan ($1.55 billion) share listing in Shanghai.

The world's biggest personal computer maker on Friday said it would withdraw its application, days after it had been accepted by Shanghai's STAR Market.

The Star Christmas Special Promo: Save 35% OFF Yearly. T&C applies.

Monthly Plan

RM 13.90/month

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

SunCon wins RM570mil data centre job
AEON Credit to stay cautious, focus on asset quality
Aussie high for Gamuda
Advancecon bags RM19mil industrial deal
Prabowo introduces 2026 minimum wage rule
Haily Group bags contract, terminates another
I-Bhd’s first AI experience centre opens at i-City
Binastra’s 3Q26 net profit rises by 55% y-o-y
Binasat lands RM52mil govt project
MidOcean’s 20% acquisition of PETRONAS firms done

Others Also Read