Galaxy listing

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.

China Galaxy Securities is to go ahead with an A-share listing 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 go for a Hong Kong listing first.

China Galaxy Securities said Saturday it will now revive plans to list in Shanghai as well.

The company will issue up...

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