HKEX flip-flops on plans to expand dual-class stock

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By John Loh
26 Jul 2018

The Hong Kong Stock Exchange has put a proposal to give weighted voting rights (WVRs) to corporate entities on ice, after a tiff with its mainland counterparts and pushback from investors. But the move is not an automatic win for its rival in Singapore, which last month allowed companies to hold dual-class shares. John Loh writes.

HKEX said on Wednesday it will shelve a review into whether the listing rules can be tweaked to allow corporations to hold WVRs, a step which would have allowed China’s biggest technology companies to list their subsidiaries with dual-class shares.

These companies had hoped Hong Kong would ...

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