The Business Times

Companies & Markets

The Business Times
Subscribe
Share on FacebookShare on TwitterView more
The Business Times
Create a free account with Business Times for seamless access across SPH Media products.
REGISTER
LOGIN

Companies & Markets

SUBSCRIBERS

HK moves towards dual-class shares to attract tech giants

Proposal comes as new wave of China companies comes closer to the stage of going public

Published Fri, Dec 15, 2017 · 09:50 PM
Share this article.

Hong Kong

HONG Kong's stock exchange has proposed letting "innovative" companies list in the Chinese enclave with dual-class share structures to avoid losing out on more initial public offerings by technology giants like Alibaba Group Holding Ltd.

Allowing shares with extra voting power is part of a package of measures released on Friday that may be the biggest change to the exchange's listing rules since 1993, when it allowed large Chinese enterprises to go public there.

The bourse wants to better reflect "the dr…

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

Companies & Markets

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here