Monday, 28 June 2010 at 11:17, Bloomberg
DP World Ltd. slumped to the lowest level in almost two weeks after the Dubai government-owned port operator decided to postpone the listing of its shares on the London Stock Exchange. DP World shares declined for a fifth day, plunging 6.8 per cent to 45 cents in Dubai, the lowest intraday level since June 15, at 10:29 a.m. in the emirate.
The company “has decided to postpone the listing process until an acceptable system that supports the dual listing is available,” DP World said in a statement on Nasdaq Dubai today. The company will consider listing shares in London after the publication of its 2010 financial results.
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