Haitong meets discount rule — by a whisker

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Haitong meets discount rule — by a whisker

Haitong Securities closed its Hong Kong listing at the end of last week, adding H-shares to its already outstanding A-share base in China. The company complied with mainland regulations about the discount H-share sellers can offer to their A-shares, but only by a whisker — and only after an onshore dividend was taken into account.

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