22 April 2019

Alibaba still up for HK IPO if HKEx backs down, paper says

Alibaba Group vice chairman Cai Chongxin said the company would still consider a listing in Hong Kong should Hong Kong Exchanges and Clearing Ltd. (HKEx) change its mind to allow the group’s proposed partnership structure, the Beijing News reported Tuesday. The mainland e-commerce giant lobbied HKEx and the Securities and Futures Commission to be allowed to have a partnership structure that would let its top executives nominate most board members upon listing. On October 10, Alibaba chief executive Jonathan Lu said the group had opted not to list in Hong Kong after failing to reach an agreement with regulators, the report said.

– Contact HKEJ at [email protected]



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