The Hong Kong listing saga
Shell-company model being tested amid crackdown by authorities
HONG KONG has always been an attractive location to list and raise capital for some overseas companies.
Many see the former British colony as a vibrant market, flush with liquidity, and a potential springboard to the Greater China market. While these are the pulling factors to float their companies, some are drawn by the fact that a listed shell company in Hong Kong could be worth a lot money.
Listed shell companies are often seen as an alternative route to a Hong Kong listing by other companies, predominantly those from China that are willing to pay a high premium to acquire them for their listing status.
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