Galaxy Securities to revisit A-share listing

Other issuers listed in Hong Kong may follow suit now that the mainland Chinese IPO market has reopened but it could be slow going.

Galaxy Securities to revisit A-share listing

China Galaxy Securities is to go ahead with an A-share listingĀ in Shanghai, less than a year after it raised HK$8.31 billion $1.1 billion through an initial public offering in Hong Kong.

The company, which is majority-owned by one of China's sovereign wealth funds, had initially planned a concurrent dual-tranche listing in mainland China and Hong Kong. However, with the A-share market shut from October 2011 to January 2014, the securities house chose...

To continue reading, please login or register for free

Click for more on: ashare ipo | csrc | securities houses | galaxy

Print Edition

FinanceAsia Print Edition