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

A power station of the State Development & Investment Corporation (SDIC) is reflected in a lake
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(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,..
Date Published: Dec 04, 2019
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