GC
HKEx drops dual-class proposal after SFC thumbs down
Hong Kong Exchanges and Clearing (HKEx) has pulled the plug on its campaign to allow weighted voting rights (WVRs), bowing to pressure from the city’s securities regulator.
The bourse operator said its listing committee will not proceed with the draft WVR recommendations, after considering the views of the board of the Securities and Futures Commission (SFC), which had opposed the idea.
Hong Kong goes by the "one share, one vote" rule, but had been ...Already a subscriber? Login
