HKEX releases guidelines on dual listings, dual class

23 Feb 2018

The Hong Kong Stock Exchange (HKEX) has released its long-awaited guidelines on dual-class shares, clearing the way for Chinese firms such as Alibaba Group Holdings to have a secondary listing in the city for the first time.

The bourse operator issued a consultation paper on February 23, calling for market participants to respond to the new listing regime by March 23.

The rules gives companies from the biotechnology sector the ability to list without a track record of revenue or profit, and will also ...

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