<div id="readability-page-1">BEIJING, March 29 (Reuters) - Swiss agrichemicals and seeds group Syngenta has withdrawn its application to list on the Shanghai Stock Exchange, a filing posted on the exchange showed on Friday. The IPO, which would have valued the Sinochem-owned company at about $60 billion, has been postponed repeatedly since being proposed in 2021 due to unfavourable market conditions. The Shanghai Exchange filing stated that the bourse had terminated its review of Syngenta's IPO application after the company applied to withdraw it. Syngenta could not immediately be reached for comment. Company executives had said as recently as November last year that the company planned to list in 2024, with the offering expected to raise $10 billion. Weak demand in key markets such as Brazil has seen the company's earnings slide. Sales in the three months to the end of September 2023 fell 13% to $6.8 billion, while earnings before interest, tax, depreciation and amortisation plunged 68% to $300 million.(Reporting by Andrew Hayley and Beijing newsroom; editing by Christian Schmollinger, Kirsten Donovan)</div>

SYTTY

先达（Syngenta）因市场不利条件而撤回在上海证券交易所的首次公开发行（IPO）申请。该公司原计划在此次发行中筹集 100 亿美元，但关键市场需求疲软影响了其收入。2023 年 9 月份的三个月内，先达的销售额下降了 13%，至 68 亿美元，而利息、税收、折旧和摊销前利润下降了 68%，至 3 亿美元

先达（Syngenta）撤回在中国的 IPO 申请