HONG KONG — Chinese language property platform KE Holdings Inc said on Thursday it would perchance maybe list its shares in Hong Kong without raising capital, as a rising series of U.S.-listed Chinese language corporations operate so-referred to as “homecoming” listings.
The Unique York-listed firm, which operates on-line property platform Beike matching investors and sellers of staunch property, will beginning trading its stock on the Hong Kong alternate on Might maybe maybe maybe furthermore 11, it said in regulatory filings.
The increased series of return-dwelling deals has been triggered by American regulators’ heightened scrutiny and stricter audit requirements for U.S.-listed Chinese language corporations amid political tensions between the countries.
Unlike a fashioned initial public offering (IPO) or secondary itemizing, KE Holdings will carry no capital and field no fresh shares in what’s termed a itemizing by introduction.
Chinese language electrical automobile maker Nio Inc in March listed by introduction in Hong Kong.
KE Holdings did no longer enlighten the causes for pursuing the Hong Kong itemizing. It comes after it became added on April 22 by U.S authorities to a list of corporations that also can very successfully be delisted from American exchanges in the occasion that they did now not enable U.S auditors to get dependable of entry to their accounts.
KE Holdings then said it became exploring doable ideas to present protection to the hobby of its stakeholders and would continue to conform with prison guidelines in the USA and China.
The U.S. list became expanded on Wednesday to encompass 80 extra corporations in conjunction with Chinese language on-line retail huge JD.com Inc that also can very successfully be delisted in the occasion that they fail to conform with American auditing standards for three years in a row.
Reuters reported in September that KE Holdings became brooding a few Hong Kong fragment sale. The firm said at the time it had no drawing shut plans for a Hong Kong itemizing.
Goldman Sachs and China Global Capital Corp are sponsoring the KE Holdings itemizing, filings confirmed on Thursday. (Reporting by Scott Murdoch in Hong Kong; Modifying by Jamie Freed)
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