Syngenta Group update on its IPO
30 March 2024, US: After careful consideration of industry environment and the company’s own development strategy, Syngenta Group has decided to withdraw its application for IPO on the main board of the Shanghai Stock Exchange.
As an agricultural technology innovation enterprise operating globally, Syngenta Group will always adhere to its original aspiration of continuously improving its strength and market competitiveness. It is committed to promoting the sustainable development of global agriculture through technological innovation and high-quality services, so as to create greater value for society, business partners, customers, employees and shareholders.
Syngenta Group will continue to pay attention to China’s capital market and is willing to contribute to its healthy development. The company deems it best not to maintain an open IPO application. The Company will continue to consolidate its market share and enhance its leading position in the global agricultural technology field. It will look to restart the listing process, either in China or a different global exchange, when the conditions are right. It will also explore alternate sources of funding.
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