Companies seeking to list dual-class shares may get green light to apply for Hong Kong listing by end June
Tuesday, January 16, 2018
(SCMP by Enoch Yiu) – New economy companies seeking to list dual-class shares in Hong Kong could be eligible to apply by the end of June, according to Hong Kong Exchanges and Clearing(HKEx) chief executive Charles Li Xiaojia on Tuesday.
As part of a listing reform plan announced last month, HKEx will allow biotech firms without revenue and other large new economy companies with dual-class shares to list in Hong Kong in the second half of the year.
Li said a six- to eight-week consultation on the rule change will begin in February after the Lunar New Year holiday.
“If all goes well, we hope all the rule changes would be ready in early June and we can start to accept applications for listing from new economy and biotech companies,” Li said on the sidelines of the Asian Financial Forum.
