Insider insists it's a postponement rather than a cancellation, and the deal could return ‘relatively quickly’The London Stock Exchange in London, the UK. Picture: REUTERS/PETER NICHOLLS
The London market for listings, which was relatively resilient in the first half of the year, has had an extremely tough time of it since July, with Indian special effects firm DNEG and Kazakh finance firm pulling deals. “The company believes this is a prudent decision and is in the best interests of its existing and future shareholders,” SDIC said in a statement.
SDIC’s postponement is also a blow to Britain’s bid to cement ties with China, as it looks to build relationships with non-European countries to prepare for life outside of the European Union.
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