Shanghai Stock Exchange cancels Syngenta IPO hearing

The Shanghai Stock Exchange has canceled a hearing to review agriculture giant Syngenta’s IPO application which had been scheduled for Wednesday.  

Syngenta hopes to raise 65 billion yuan (US$9.5 billion), which will be China's largest IPO in more than 12 years. Headquartered in Switzerland, the company was bought for US$43 billion by ChemChina in 2017.