HONG KONG — Chinese property platform KE Holdings Inc talked about on Thursday it could presumably per chance presumably checklist its shares in Hong Kong with out raising capital, as a increasing selection of U.S.-listed Chinese companies assemble so-known as “homecoming” listings.
The Recent York-listed company, which operates online property platform Beike matching investors and sellers of precise estate, will launch up trading its stock on the Hong Kong exchange on Could presumably per chance well 11, it talked about in regulatory filings.
The increased selection of return-dwelling offers has been caused by American regulators’ heightened scrutiny and stricter audit necessities for U.S.-listed Chinese companies amid political tensions between the nations.
Now not like a conventional initial public offering (IPO) or secondary checklist, KE Holdings will raise no capital and arena no unique shares in what is termed an stock by introduction.
Chinese electrical car maker Nio Inc in March listed by introduction in Hong Kong.
KE Holdings didn’t represent the explanations for pursuing the Hong Kong checklist. It comes after it was as soon as added on April 22 by U.S authorities to a checklist of companies that will most certainly be delisted from American exchanges within the occasion that they didn’t enable U.S auditors to rep admission to their accounts.
KE Holdings then talked about it was as soon as exploring doable solutions to guard the interest of its stakeholders and would continue to alter to prison pointers within the United States and China.
The U.S. checklist was as soon as expanded on Wednesday to embody 80 more companies including Chinese online retail massive JD.com Inc that will most certainly be delisted within the occasion that they fail to alter to American auditing standards for three years in a row.
Reuters reported in September that KE Holdings was as soon as allowing for a Hong Kong portion sale. The corporate talked about at the time it had no drawing near near plans for a Hong Kong checklist.
Goldman Sachs and China World Capital Corp are sponsoring the KE Holdings checklist, filings confirmed on Thursday. (Reporting by Scott Murdoch in Hong Kong; Bettering by Jamie Freed)
Financial Post Top Tales
Register to get the each day top stories from the Financial Post, a division of Postmedia Network Inc.
By clicking on the trace in button you consent to get the above e-newsletter from Postmedia Network Inc. It is probably going you’ll presumably per chance presumably presumably also unsubscribe any time by clicking on the unsubscribe hyperlink at the bottom of our emails. Postmedia Network Inc. | 365 Bloor Avenue East, Toronto, Ontario, M4W 3L4 | 416-383-2300