HK dual-class shares hang in the balance

hong kong px230
By John Loh
24 Aug 2017

Investors have rejected the Hong Kong Stock Exchange’s latest attempt to allow dual-class shares, after a market consultation ended last week. Whether this will thwart HKEX's bid to woo more technology issuers is yet to be seen, but the decision will have huge repercussions for the market. John Loh writes.

The bourse operator has sought views from market participants since June on a proposal to create a new board that will consist of a 'Pro' and 'Premium' section. Both will feature dual-class shares. HKEX is collating the market's responses before it moves on with the plan, but the reaction ...

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