Duty Free International (DFI) has decided to abort the proposed dual primary listing on the main board of the Hong Kong Stock Exchange (HKEx).

The company says the decision was made “in view of the current adverse impact of the Covid-19 pandemic on the global economy, particularly, in relation to the tourism and travel-related industry”.

SEE:Duty Free posts 20.7% fall in 1Q earnings to $2.4 mil despite higher revenue

DFI first revealed that it intended to propose a dual primary listing in Hong Kong on July 2015.

Shares in DFI closed 0.2 cent lower or 2.4% down at 7.9 cents on April 27.