Syngenta IPOZURICH, May 18 (Reuters) - Swiss agrichemicals and seeds group Syngenta …… will instead seek a listing on the main board of the Shanghai Stock Exchange, the company said on Thursday. Syngenta is seeking to rescue its 65-billion-yuan ($9.4-billion) IPO……
“In this IPO, Syngenta plans to raise 65 billion yuan, of which 13 billion yuan is planned to be invested in cutting-edge agricultural technology research and development expenses and reserves, 3.9 billion yuan is used for the expansion, upgrade and maintenance of production assets and other capital expenditures, 7.8 billion yuan is used to expand the modern agricultural technology service platform (MAP), 20.8 billion yuan is used for global mergers and acquisitions, and the remaining 19.5 billion yuan is used to repay long-term debts.