China's SDIC adds to Europe's IPO market woes by pulling London listing

(Reuters) - Chinese power generation company SDIC postponed on Wednesday plans for an offering of global depositary receipts (GDRs) in London, setting the seal on what has been a miserable year for initial public offerings across Europe. SDIC, which was set to become the second Chinese company to make use of the Shanghai-London Stock Connect scheme, said it would not go ahead with the listing, blaming market conditions. It was preparing to list GDRs worth about 10% of its market..