Port operator DP World today said that it has postponed its plans for a dual listing on the London Stock Exchange (LSE) due to problems in the trading system to support such a listing.
"The board has decided to postpone the listing process (on the London Stock Exchange) until an acceptable system that supports the dual listing is available," DP World said in a statement.
The statement added that the next practical opportunity to seek admission for listing on the LSE would be after the publication of its audited financials for the year ending December 31, 2010.
The company generally comes out with its annual results in March.
In January, the board of DP World had decided to seek a premium listing on the LSE, while maintaining the existing primary listing on Nasdaq Dubai.
At that time, the company had planned a listing on the LSE in the second quarter of 2010.
Dubai World, the state-owned conglomerate, holds 80 per cent stake in DP World.
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