Hong Kong bourse to launch formal consultation on weighted voting rights
[HONG KONG] The Hong stock exchange took a significant step on Friday towards loosening its strict listing rules, which could pave the way for companies with different classes of shares to list on the island city's stock market.
The Hong Kong Exchanges and Clearing Ltd (HKEx) said it was in the process of finalising a draft proposal on weighted voting rights but cautioned that the weighted voting rights should not be available in all circumstances.
A formal consultation will be launched in the third or fourth quarter of this year towards that goal, the stock market operator said in a statement.
REUTERS
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Capital Markets & Currencies
Europe: Stoxx 600 logs best day in three months as banks shine
US: Stocks rally after strong tech results
Mixed trading in Asia as investors watch for further macro data; STI down 0.2%
Vietnam delays launch of new stock trading system
Hong Kong bourse regains favour on hopes of a market revival
Asia: Markets rise as strong US tech earnings offset poor data