The Business Times

Hong Kong bourse to launch formal consultation on weighted voting rights

Published Fri, Jun 19, 2015 · 09:09 AM
Share this article.

[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

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