Deals
Hong Kong Bourse Moves Closer Toward Allowing Dual-Class Shares
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Hong Kong’s stock exchange moved closer to loosening shareholder voting rules, seeking to attract more listings after losing China’s largest e-commerce operator to New York.
Hong Kong Exchanges & Clearing Ltd. will propose a formal consultation on weighted voting rights by as early as the third quarter after initial feedback from market participants supported allowing minority-control voting structures, according to a statement Friday.