Shenzhen bourse suspends registration of BYD unit's IPO application

Shenzhen bourse suspends registration of BYD unit's IPO application

BYD, China's biggest carmaker by market valuation, is looking to list its chipmaking arm in Shenzhen. © Getty Images

Shenzhen stock exchange has suspended its registration of an initial public offering (IPO) application by Chinese automaker BYD Co Ltd‘s chip unit in China, according to a filing on the exchange dated Sept. 30.